Who is eligible for the low-income subsidy for Medicare Prescription Drug Coverage?
There is extra help for people with lower income and assets who are enrolled in Part D. Depending on the level of need, premiums, deductibles, coinsurance, and/or copayment amounts may be reduced or eliminated. Eligibility for extra help depends on your income (money you receive from retirement benefits or other money that you report for income tax purposes) and, in some cases, your assets (for example, property other than your residence). If you have both Medicare and Medicaid, you automatically qualify for this extra help. If you do not have Medicaid, you may still qualify for some assistance if your income and other assets are below certain levels. In certain cases, the Centers for Medicare and Medicaid Services (CMS) systems do not reflect a beneficiary’s correct low-income subsidy status. To address this issue, CMS created the best available evidence (BAE) policy. This policy requires sponsors to establish the appropriate cost-sharing for low-income beneficiaries when presented wi
