Getty Images Signature, Getty Images de Zinkevych Breaking statement from SSA about Medicare: Millions of Americans waiting
United States SSA Protects Citizens' Economy: Check If You Meet the Conditions to Benefit
Social Security Administration (SSA) in the United States has sent a nod from SSA to millions of beneficiaries with a key message. Now is the time to learn about and take advantage of the assistance program called Extra Help.
This program, also known as "Extra Help," offers important advantages for those with limited income and resources. The Extra Help program is assistance specifically designed to reduce Medicare Part D expenses, which covers prescription drugs.
Medicare's Extra Help Makes Life Easier for Millions of Americans
SSA explains that this support can cover plan premiums, deductibles, and copayments, leaving costs between $0 and $11 per prescription. In addition, those who qualify don't have to pay the late enrollment penalty as long as they keep this benefit.
Extra Help is based on the applicant's income and assets. In 2024, the limits are modest: for one person, annual income of up to about $22,590 (22,590 USD) and resources of $17,220 (17,220 USD); for a married couple, up to $30,660 (30,660 USD) in income and $34,360 (34,360 USD) in resources. Those who receive full Medicaid, SSI, or participate in state Medicare Savings Programs automatically qualify; others can apply voluntarily.
Who Is Eligible to Receive This Social Security Assistance?
They are Medicare Part D beneficiaries with low income, people with Medicaid, SSI users, or those with Medicare Savings Programs. SSA emphasizes that some people are enrolled automatically, while others must complete an application.
Applying for the benefit is simple and SSA explains it as follows: you can apply online, where the form guides you step by step. You can also call the toll-free number 1‑800‑772‑1213, option 7 for Spanish, or go to a local office. The SSA‑1020 form allows you to do it online, by phone, or in person, and requires information about income, bank accounts, or pensions.
Many Americans Could Save More Than $1,978
Among the important advantages is significant savings on pharmaceutical expenses. According to an SSA report, many people could save more than $1,978 (1,978 USD) annually by also qualifying for other programs (Medicare Savings and Extra Help). In addition, by being in Extra Help, the process of plan selection and copayments is simplified for the beneficiary.
SSA encourages people to apply now, because the Inflation Reduction Act, in effect since January 1, 2024, expanded income and resource limits. This way, it has allowed more people to gain access.
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