Prescription help

For many seniors and individuals with limited income, the cost of prescription medications can be overwhelming. Fortunately, the Low-Income Subsidy (LIS) Extra Help program exists to provide financial relief, ensuring that eligible individuals can access the medications they need without excessive out-of-pocket expenses.

The LIS Extra Help program is a Medicare assistance program designed to help low-income individuals afford their Medicare Part D prescription drug costs. Funded by the federal government, this program covers expenses such as:

• Monthly premiums for Medicare Part D plans
• Annual deductibles
• Copayments and coinsurance for prescription medications

Eligible individuals can receive significant savings, reducing their medication costs and ensuring continued access to necessary treatments.

To qualify for the LIS Extra Help program, applicants must meet income and asset limits set by the federal government. Generally, eligibility is based on:

• Annual income below a certain threshold
• Limited financial resources, including savings and investments
• Enrollment in Medicare Part A and Part B

Some individuals automatically qualify for Extra Help if they receive Medicaid benefits, Supplemental Security Income (SSI), or assistance from a Medicare Savings Program.

The Extra Help program significantly reduces prescription drug costs. In 2024, beneficiaries pay:

• $0 for Medicare Part D premiums and deductibles
• Up to $4.50 for each generic drug
• Up to $11.20 for each brand-name drug
• $0 for covered drugs once total out-of-pocket costs reach a certain limit

These savings ensure that individuals can afford their medications without financial strain.

Applying for LIS Extra Help is simple. Individuals can:

• Apply online through the Social Security Administration
• Call Medicare or Social Security for assistance
• Visit a local Medicaid office for guidance

Once approved, beneficiaries receive automatic savings on their Medicare Part D plan, making prescription medications more affordable.

The LIS Extra Help program is a lifeline for individuals struggling with prescription drug costs. By reducing premiums, deductibles, and copayments, this program ensures that eligible individuals can access the medications they need without financial hardship.

If you or a loved one may qualify, consider applying today—affordable healthcare should be accessible to everyone.