Get Money Back from Medicare

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Do you have Medicare? Keep your receipts from your medical bills and prescriptions, because you may be eligible to get some money back if you answer “YES!” to any of the following:

  • Do you have limited income and limited resources?
  • Do you have Supplemental Security Income?
  • Have you received any of the following:
    • A PURPLE notice from Medicare stating you are eligible for Extra Help?
    • A YELLOW or GREEN automatic enrollment from Medicare?
    • An Extra Help “Notice of Award” from Social Security?
    • An ORANGE notice from Medicare that says your co-payment amount will change next year?

If you’ve received any notices, call your plan or contact Medicare’s Limited Income Newly Eligible Transition (NET) Program at 1-800-783-1307.

What is “Extra Help?”

People who are eligible to enroll in Medicare Part A may also qualify to receive what Medicare calls “Extra Help.” “Extra Help” is also called “Medicare Savings Programs.” Medicare offers different kinds of Medicare Savings Programs depending on your circumstances, including:

  • Qualified Medicare Beneficiary Program
  • Specified Low-Income Medicare Beneficiary Program
  • Qualifying Individual Program
  • Qualified Disabled and Working Individuals Program
  • State Programs

So what makes you “qualified,” and what can you get from these programs?

We dug into the descriptions on Medicare.gov and other sites to bring you simple answers. In a nutshell, you have to have a low income and limited available resources to qualify. Here are the details for each plan we found:

Medicare Extra Help Programs

Apply for Extra Help through the Social Security Administration:

*These figures are for 2016. As of January 20, 2017 these are the most recent figures available. These amounts may increase in 2017 according to medicare.gov. Medicare.gov states, “These limits are slightly higher in Alaska and Hawaii. If you have income from working, you may qualify for benefits even if your income is higher than the limits listed.”

Are you out of the income bracket for Extra Help? How about a discount on prescriptions, vision and dental that your insurance doesn’t cover? Or some quotes on a good Medicare Supplemental Insurance (Medigap) plan? Follow the links below to start saving today.

Medigap Quotes

Discount Card

Sources:

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