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The Social Security Administration
and the Center for Medicare and Medicaid Services are working together to let
you know about special state programs that could help elderly persons on a fixed
income to pay their Medicare Part B (Medical Insurance) premium and other medical
costs. Many people save more than $600 a year by participating in these programs.
In order to apply for help, you must have Medicare Part A. You will also need
to calculate whether your monthly income combined with the value of your assets
allows you to be eligible. To do so:
- Determine whether your income meets one of these requirements:
- If you are single, your monthly income is less than $1,048
- If you are married and you and your spouse live together, the combined
amount of your monthly income is less than $1,406
(Note:If you are working you may be able to get help even if you have more income)
- Determine whether the value of your assets meets one of these requirements:
- If you are single, the combined value of your savings and possessions does not exceed $4,000
- If you are married and you and your spouse live together, the combined value of your savings and possessions does not exceed $6,000
(Note: Do not count the value of your home and one car)
- Call your local department of social services office to review
your eligibility. Even if you do not currently qualify, you may qualify later.
The limits change every April.
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