Thursday, January 17, 2013

Save On Drug Costs

If you meet certain income and resource limits, you may qualify for
Extra Help from Medicare to pay the costs of Medicare prescription drug
coverage.

In 2013, drug costs for most seniors who qualify will be no more that
$2.65 for generic drugs and $6.60 for brand-name covered drugs.

Based on their income level other seniors will pay only a portion of
their Medicare drug plan premiums and deductibles.

If you don't qualify for Extra Help, your state may have programs that
can help pay your prescription drug costs. Contact your State Medical
Assistance (Medicaid) office or your State Health Insurance Assistance
Program (SHIP) for more information.  Keep in mind if your income and
resources change you can reapply for Extra Help.

Countable resources include:

 * Money in a checking or savings account
 
  * Stocks

  * Bonds

Countable resources don't include:

  * Your home

  * One Car

  * Burial plot

  * Up to $1,500 for burial expenses if you have put that money aside

  * Furniture

  * Other household and personal items

Some people automatically qualify for Extra Help if they have Medicare and
meet certain conditions. 

Sincerely,
Tom Caress
760-413-9749
medicareplansdirect.net

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