Low Income Subsidy

Are you a Florida Medicare beneficiary struggling with prescription drug costs? The Low Income Subsidy (LIS) program, also known as "Extra Help," may be your solution to more affordable healthcare.

What is the Low Income Subsidy (LIS)?

The Low Income Subsidy is a federal program that helps Medicare beneficiaries with limited income and resources pay for their prescription drug costs. This valuable assistance can significantly reduce your out-of-pocket expenses for medications.

Benefits of LIS for Florida Medicare Recipients

Enrolling in the LIS program can provide substantial financial relief:

• Lower or eliminated monthly Part D premiums

• Reduced annual deductibles

• Decreased copayments and coinsurance for prescription drugs

• No coverage gap or "donut hole"

Who Qualifies for LIS in Florida?

Eligibility for the Low Income Subsidy is based on income and resource limits. As of 2024, you may qualify if:

• Your monthly income is below $1,508 (individual) or $2,030 (couple)

• Your resources are below $13,820 (individual) or $27,600 (couple)

Some Medicare beneficiaries automatically qualify for Extra Help, including those who:

• Have full Medicaid coverage

• Receive Supplemental Security Income (SSI) benefits

• Participate in Medicare Savings Programs

How to Apply for LIS in Florida

Applying for the Low Income Subsidy is simple and free:

1. Call US! We have assisted 100's of Florida Medicare recipients in successfully applying for LIS coverage!

2. Contact your local Social Security office

3. Call 1-800-MEDICARE (1-800-633-4227)

4. Visit www.ssa.gov to apply online

5. Reach out to Florida SHINE (Serving Health Insurance Needs of Elders) for free assistance

LIS Levels and Cost Savings

The amount of assistance you receive depends on your income and resources. There are four levels of Extra Help, each offering different benefits:

1. Full subsidy with lowest copayments

2. Full subsidy with higher copayments

3. Partial subsidy with 15% coinsurance

4. Partial subsidy with premium assistance

Why Florida Medicare Beneficiaries Should Consider LIS

1. Significant cost savings on prescription drugs

2. Improved medication adherence due to lower costs

3. No coverage gap or "donut hole" to worry about

4. Potential eligibility for Special Enrollment Periods

Take Action Today

Don't let high prescription drug costs impact your health and financial well-being. If you're a Florida Medicare beneficiary with limited income and resources, explore your eligibility for the Low Income Subsidy program. Contact Florida SHINE or to speak with a a licensed agent who can guide you through the application process and help you maximize your Medicare benefits

. Remember, applying for Extra Help is free and can lead to substantial savings on your healthcare expenses. Take the first step towards more affordable prescription drug coverage today!

See if You Qualify For A Medicare Low Income Subsidy 1-877-343-4648 

This means you can change your Medicare plan outside of the confines of open enrollment as well as reduce prescription drug costs associated with Medicare!

Some Top Medicare Advantage Plans COmpatable With LIS

Humana

UnitedHealthcare/AARP

Aetna

Anthem

Florida Blue

Blue Cross Blue Shield

AvMed Medicare

BayCare Health Plans

Capital Health Plan

Care Plus

Doctors HealthCare Plans

Freedom Health

Gold Kidney Health Plan

Health First Health Plans

HealthSun Health Plans

Leon Health Plans

Optimum Healthcare

Prominence Health Plan

Simply Healthcare Plans

Solis Health Plans

Ultimate Health Plans

Wellcare

Cigna