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Home > Back Bay > SHINE Counselors at Ethos can help seniors apply for significant Medicare savings

NEW GUIDELINES HELP SENIORS LOWER THEIR MEDICARE COSTS

On January 1, 2020 the income and asset limits for the Medicare Savings Programs, also called Mass Health Buy-In, increased. It’s estimated that an additional 40,000 people across the commonwealth will now qualify for programs that will pay their Medicare Part B premium and in some cases their Part A and B deductibles, co-pays and Part A premium (if they have one). In addition, they will automatically receive Extra Help, a program that will lower their Medicare Part D premium and co-pays.

Under the new limits, an individual with a monthly income of $1,738 or less, and assets valued at $15,720 less, will now qualify for the Medicare Savings Programs. Similarly, a married couple, with a monthly income of $2,346 or less, and assets valued at $23,600 or less, can also take advantage of these programs.

Those who qualify can also receive significant discounts on their prescription drugs through Extra Help. For example, a 30-day supply of a generic drug is now $3.60. Brand name drugs are only $8.95.

To learn more and to request an application, contact MassHealth at: 1-800-841-2900 or TTY at: 1-800-497-4648.

Applications are also available on-line at: https://tinyurl.com/MassMSP

If you live in the city of Boston, the SHINE program at Ethos can also assist you with the application process. Call 617-522-9270, email SHINE@ethocare.org or visit www.ethocare.org/shine for more information.