News From Terre Haute, Indiana

Seniors

November 16, 2009

Social Security: It's open season: Hunt for your drug plan

TERRE HAUTE — Hunting season is upon us; time to set your target for the Medicare prescription drug plan that’s best for you.

Newly eligible Medicare beneficiaries, and current beneficiaries who are considering changes to their Medicare Part D plan, should mark their calendars for Nov. 15. The “open season” will run to Dec. 31.

The Medicare Part D prescription drug program is available to all Medicare beneficiaries to help with the costs of medications. Joining a Medicare prescription drug plan is voluntary, and participants pay an additional monthly premium for the coverage.

While all Medicare beneficiaries can participate in the prescription drug program, some people with limited income and resources also are eligible for “extra help” to pay for monthly premiums, annual deductibles, and prescription co-payments. The extra help is worth an average of $3,900 per year.

To figure out whether you are eligible for the extra help, Social Security needs to know your income and the value of any savings, investments, and real estate (other than the home you live in). To qualify, you must be receiving Medicare and also have:

Income limited to $16,245 for an individual or $21,855 for a married couple living together. Even if your annual income is higher, you still may be able to get some help with monthly premiums, annual deductibles, and prescription co-payments. Some examples where your income may be higher include if you or your spouse:

n Support other family members who live with you;

n Have earnings from work; or

n Live in Alaska or Hawaii; and

n Resources limited to $12,510 for an individual or $25,010 for a married couple living together. Resources include such things as bank accounts, stocks and bonds. We do not count your house or car as resources.

You can complete an easy-to-use online application for the extra help at www.socialsecurity.gov. Click on Medicare on the top right side of the page. Then click on “Apply for help with Medicare prescription drug plan costs.” To apply for the extra help by phone or have an application mailed to you, call Social Security at 1-800-772-1213 (TTY 1-800-325-0778) and ask for the Application for Help with Medicare Prescription Drug Plan Costs (SSA-1020). Or go to your nearest Social Security office.

And if you would like more information about the Medicare Part D Prescription Drug Program itself, visit www.medicare.gov or call 1-800-MEDICARE (1-800-633-4227; TTY 1-877-486-2048).

So this open season, hunt for something that could put $3,900 in your pocket — bag the best Medicare prescription drug plan for you and see if you qualify for the extra help through Social Security.

1
Text Only | Photo Reprints
Seniors
Latest News
TribStar.com Poll
AP Video
Raw: Israel, Gaza Exchange Rocket Fire Joy Fills Streets of Cleveland As LeBron Returns Israel Widens Attack As Gaza Death Toll Rises Raw: Stunning Timelapse of WC Final Host City Raw: Militants, Israelis Exchange Rocket Fire Raw: Airstrike Creates Chaos on Gaza Streets Raw: Sirens Blare Over Jerusalem Texas Shooting Suspect Collapses in Court Raw: Rebel Leader Weds in Eastern Ukraine Raw: Airstrike Creates Chaos on Gaza Streets Police: Prostitute Linked to 2nd Death Diaz and Segel Strip Off for 'Sex Tape' Arizona Mom of Missing Baby Released From Prison Death Toll Tops 100 As Israel Offense Continues Proposed Bill to Regulate NY Costumed Characters WH: LeBron's Move a 'Powerful Statement' Raw: Protesters, Israeli Security Forces Clash Ana Ortiz on 'Devious Maids' Finale Man Flees Police in World Cup Scalping Scheme UN Calls for Israeli-Palestinian Ceasefire
NDN Video
Cleveland welcomes home LeBron Houston Killer Collapses in Court When Read Capital Murder Charges for Allegedly Killing Family of Six Worst Valet Ever Wrecks $500K Lamborghini Glee Star Becca Tobin's Boyfriend Matt Bendik Found Dead in Hotel Aerial fish restocking in Utah ScarJo Channels Marilyn Monroe Obama Responds to Hecklers on Immigration Tiny Hamsters Who Ate Burritos are Back for a Tiny Hedgehog's Party Watch Kelly Ripa Get Soaked! 'Referee' Hands Out Yellow Cards for Social Faux Pas in NYC 2014 Emmy Nominees: 8 Snub Shockers Emma Watson Is Va-Va-Voom in Valentino 7 Infamous Sports Blowouts Argentina tops Holland in World Cup semifinals News flush: Japanese toilet exhibition making a splash Emmy Nominations: What to Watch For 'Game of Thrones' Leads 66th Emmy Awards Nominations Photographic 'Proof' That LeBron Is Leaving Miami - @TheBuzzeronFOX Elephant Pool Party at The Oregon Zoo Must-See! Berry and Fallon Form Human Hamster Wheel
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
  • -

     

    March 12, 2010

activity