Visit with SHIIP to help pay Medicare costs

     Many Iowans, especially those living on a fixed income, may be in need of help paying for their Medicare premiums, deductibles, co-insurance and drug costs. The Medicare Savings Program and Extra Help programs can offer assistance to Iowans in need.

     “SHIIP is available to help Iowans participate in these programs, which could offer a lot of savings for Iowans,” said Kris Gross from the State of Iowa’s Senior Health Insurance Information Program (SHIIP).

     The Medicare Savings Program is a state program that helps pay for Medicare premiums, deductible and co-insurances. There are three Medicare Savings Programs available to those who qualify. Individuals’ income and assets will determine what assistance they may receive. At a minimum, those who qualify will get their Part B premium paid, which could save them as much as $134 a month.

     Iowans may qualify for one of the three Medicare Savings Programs if their income is below $1,376.75 (single) or $1,847 (couple) and their assets are less than $7,390 (single) or $11,090 (couple).

     The Extra Help program assists with Medicare Part D drug costs. Iowans who qualify may get help paying their Part D premium, deductible, and co-payments. For Iowans who qualify for Extra Help, there is no “donut hole” in the Medicare Part D coverage.

     Iowans may qualify for the Extra Help program if their income is below $1,527.50 (single) or $2,050 (couple) and their assets are less then $13,820 (single) or $27,600 (couple).

     For more information on both programs or for help applying, call SHIIP at 1-800-351-4664 (TTY 800-735-2942).

     Iowans with questions about Medicare may call SHIIP or visit www.therightcalliowa.gov. SHIIP counselors are available in communities across Iowa and are available to help answer questions and assist with problems Iowans have concerning Medicare and related health insurance. SHIIP is a service of the State of Iowa Insurance Division. All services are free, confidential, and objective.