Help with Medicare Premium and Cost-Sharing Assistance Varies by State

(By Meredith Freed, Juliette Cubanski, Anthony Damico, and Tricia Neuman for Kaiser Family Foundation Published: Apr 20, 2022)

While Medicare provides health and financial protections to more than 64 million Americans ages 65 and older and younger adults with long-term disabilities, gaps in coverage and high cost-sharing requirements can make health care difficult to afford, particularly for people with modest incomes. Medicare beneficiaries are responsible for Medicare’s premiums, deductibles, and other cost-sharing requirements unless they have private supplemental coverage, a Medicare Advantage plan that covers some of the cost-sharing, or have incomes and assets low enough to qualify for the Medicare Savings Programs (which provide assistance with Medicare Part A and Part B premiums and/or cost sharing) and the Part D Low-Income Subsidy (LIS) (which helps with Medicare Part D drug plan premiums and cost sharing). The Biden Administration has promoted awareness of these programs for low-income beneficiaries in an effort to increase enrollment. Continue reading here…

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