This program will pay your Medicare Part B premium which is $148.50 a month. Some people will pay less than the full Part B standard monthly premium amount due to the statutory hold harmless provision, which limits certain beneficiaries’ increase in their Part B premium so that it cannot be greater than the increase in their Social Security benefits.
In some cases, this program will also help you pay for some of your other Medicare costs such as:
- Medicare Part B Annual Deductible and Share of Cost: This program will pay your Medicare Part B deductible which is $203 in 2021. It will also pay your share (20%) of the cost of services when you receive services from a Medicare provider.
- Medicare Part A Deductibles and Co-payments: This program will pay your Medicare Part A deductibles and co-payments when you are in the hospital or living in a skilled nursing facility.
In addition, if you enroll in a Medicare Savings Program (MSP), you will be signed up for the Extra Help program through Medicare Prescription Drug Coverage. This program helps people with limited income and resources pay for their medicines.
How do I apply?
To apply for the program, you can print and fill out the application form and mail it to your local office. Some states may have an online enrollment form for you to use. If your state does not have an application form, you should contact your local office to find out how to apply.