Paying too Much for Medicare?

by admin on May 23, 2017 · Extra Help


Medicare coverage can be very expensive. Premiums for Medicare Part B are $88.50 per month in 2006. If you sign up for Medicare Part D your premiums can cost $35.00 per month or more depending on the plan you choose. Not only do you have to pay these premiums for Medicare, but they go up every year!medicare3.jpg

Is there any help paying these ever-rising premium costs? The answer is yes; however, it depends on your income. There are two programs that could help pay your Medicare premiums. One is a Social Security program and the other is your State’s program.

For assistance with your Medicare Part B premium, you may be eligible to have your State pay the $88.50 for you. The program is called “QMB” or “Qualified Medicare Beneficiary.” Your state will evaluate your income to see if you qualify. To see if you qualify for QMB contact Social Services in your state and ask to apply for QMB. If you need contact information for your State, Medicare can provide you the number to call. Contact Medicare at their toll-free number: 1-800-633-4227.

Medicare Part D has a monthly premium and an annual deductible of $250. If you qualify for Social Security’s extra help with prescription drug plan costs, you will not have to pay this premium or deductible. Social Security will consider your monthly income and any money you have in the bank to determine if you qualify. You should apply even if you think you may be over the income limit as Social Security awards partial subsidy amounts for people in certain income categories. To apply for the extra help with prescription drug plan costs, contact Social Security at 1-800-772-1213.

{ 2 comments… read them below or add one }

Kathleen Buchanan May 7, 2008 at 5:54 pm

IN MEDICARE PART D – DO THEY CONSIDER THE AMOUNT OF DRUGS YOU HAVE TO BUY, OR HOW SERIOUS OR LIFE THREATENING IT WOULD BE IF THEY DIDN’T GET THE MEDICATION. MY GIRLFRIEND WAS IN THE HOSPITAL AND ALL OR HER ORGANS WERE SHUTTING DOWN. UNLESS SHE MET A LIST OF CERTAIN CRITERIA THEY WOULD NOT GIVE HER THE MEDICATION. FORTUNATELY SHE PAST ALL THE CRITERIA AND RECEIVED THE MEDICINE. I CAN’T BELIEVE IF SHE DIDN’T PAST THE LIST THAT THEY WOULD JUST LET HER LAY THERE AND DIE BECAUSE THE MEDICATION COST TOO MUCH. I WISH WE COULD STOP ALL THE RAISES FOR CONGRESS UNTIL ALL THE PEOPLE ON ANY SOCIAL SECURITY RECEIVE A VIABLE AMOUNT TO LIVE ON. I GET A DECENT AMOUNT. I WORKED FOR 32 YEARS BEFORE MY BODY FAILED ON ME. I NEVER DID ILLEGAL DRUGS, NEVER SMOKED ANYTHING, AND I’VE HAD ABOUT 20 DRINKS IN MY LIFE. I NEVER ABUSED MY BODY BUT JUST AFTER MY MOTHER DIED EVERYTHING IN MY BODY WENT DOWN HILL.
I FEEL MANY PEOPLE THINK THAT PEOPLE ON SSD ARE THERE BECAUSE THEY DID SOMETHING WRONG, OR THAT THEY ARE FREE LOADERS BUT THEY’RE NOT AND DESERVE A LIVING INCOME BECAUSE SO MANY DON’T DESERVE WHAT HAPPENED TO THEM.

Wayne David Lance March 23, 2009 at 5:09 pm

How do I know if im paying to much?

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