It’s open season for the Medicare prescription drug program. Everyone who is covered under Medicare is eligible for the prescription drug coverage. From November 15 to December 31, newcomers can join a prescription drug plan and people already participating should look at their current plans.
It’s also a good time for beneficiaries to investigate whether they may be eligible for extra help paying Medicare prescription drug program costs. Social Security offers extra help to participants who have limited income and resources.
The extra help will pay for all or most of the monthly premiums and annual deductibles. It also will help with the prescription co-payments. This extra help is worth an average of $3,600 per year. Some people with limited income and resources qualify for these big savings and don’t even know it.
Learn more about extra help and apply online by going to www.socialsecurity.gov/prescriptionhelp/index.htm.
Any questions may be directed to: rsi5@srt.com
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