Medicare Part D Extra Help (LIS)

Low Income Subsidy or (LIS) is for beneficiaries who need extra help paying for Part D

Are you having trouble paying for your Medicare Part D costs?   Their may but help and many beneficiaries don't know about it.  For individuals who are receiving LIS, the benefits are help with monthly premium, deductibles, co-insurance and co-payments.   Another benefit is you are no longer subject to gap in your drug coverage.   Also known as the Donut Hole.  

The amount of the subsidy depends on your income compared to the Federal Poverty Level and resource limitations that are set by Social Security.  

Medicare Extra Help Qualifications

You may qualify for LIS under Medicare Part D if:

• Your annual income and assets are below the eligibility thresholds.   These limits may change every year.   Visit www.medicare.gov for up to date limits..
• Your income is higher then the limits BUT you support other family members who live in your household. 
  

​Assets that count toward you eligibility:

• Cash and bank accounts
• Stocks and bonds
  
• Mutual funds, IRA's, and CD's
• Real estate outside of your primary residence
  

Medicare does not count resources such as your primary residence, car and insurance against you.  Many Medicare Beneficiaries qualify for extra help and don't even know it.   If you are unsure if you qualify the best way to find out is to apply.  

How to Apply for Medicare Low Income Subsidy (LIS)

To apply you need to fill out an application form with Social Security.  This form is on our website under extra help.  

• Go to our extra help under part D 
• Call Social Security at 1-800-772-1213 and request an application be mailed to you.
  
• Apply in person at your local Social Security office
  

If you have more questions or need help give us a call!

Rob Davies
Independant Insurance Agent
Owner at Retirement Partners
800-254-5200