Health insurance is expensive. This doesn’t change the older that you get. However there are some government programs that can help. One that is available is a low income subsidy that can help to cover Medicare Part D.

Medicare Part D

Part D is the section of Medicare that covers prescription drugs. Coverage can be expensive depending on what kind of medications you take. There is also the “donut hole.” This is an amount of money that Medicare Part D will not cover after paying a certain amount. This can leave seniors responsible for thousands of dollars in deductibles and drug bills that they cannot cover.

Low Income Subsidy

The low income subsidy can help you pay for these bills. It helps in three main ways:

Gap Coverage – The low income subsidy will eliminate the coverage gap, otherwise known as the donut hole. Instead of being responsible for the full amount of drugs in the donut hole your plan will keep the copays the same throughout the entire year.

Lower Premiums – Part D drug plans range in cost from the tens of dollars a month to close to two hundred dollars a month. If you qualify for the low income subsidy your premium will be lowered based upon your income to something manageable.

Eliminating Deductibles – Part D coverage can also have a deductible that can be over three hundred dollars or more. The low income subsidy will eliminate that.

Contact Stano Law Group for help with Medicare legal issues or benefits problems.