Get help with your Medicare costs
If you’re among the many Americans facing financial challenges with their health care costs, there may be ways you can save money on your health care costs if you have Medicare.
If you have limited income and resources, you may qualify for Medicaid—a joint federal and state program that helps with medical costs. Even if you don’t qualify for Medicaid, there are other programs that may help you pay for your Medicare premiums and other costs.
Medicare has 4 savings programs that may help with your health care costs:
- Qualified Medicare Beneficiary (QMB) Program
- Specified Low-Income Medicare Beneficiary (SLMB) Program
- Qualifying Individual (QI) Program
- Qualified Disabled and Working Individuals (QDWI) Program
If you qualify for Medicaid or one of the Medicare Savings Programs above, you’ll also get Extra Help paying for your prescription drugs automatically. Extra Help is a Medicare program that helps people with limited income or resources pay Medicare prescription drug costs, like premiums, deductibles and coinsurance. If you don’t automatically qualify Extra Help, you can apply online at SSA.gov.
It’s important to call or fill out an application if you think you could qualify for savings—even if your income or resources are higher than the amounts listed on Medicare.gov. These amounts change yearly, and there may be another savings program you are eligible for depending on your specific situation. To find out if you are eligible for savings through one of these programs, call your state Medicaid program. Also, watch our video to find out more ways you can save money on your Medicare coverage.