What does the term “extra help” mean when you are talking about Medicare Advantage with prescription drug coverage?
Medicare Advantage with prescription drug coverage is available to everyone with Medicare, regardless of your income and resources, health status, or current prescription expenses. There is also “extra help” (also called a “low-income subsidy”) to help people with Medicare who have limited income and resources pay for their coverage. If you qualify for extra help, you will get help paying for your plan’s monthly premium, and for some of the costs you would normally pay for your prescriptions. The amount of extra help you get will be based on your income and resources. You can apply for extra help by calling Social Security at 1-800-772-1213 (TTY 1-800-325-0778) or visiting www.socialsecurity.gov.
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