Even though the AEP (Anuual Enrollment Period) is over, you can still get help with your prescription costs.
In times like these, every dollar counts. Some people qualify for big savings on their Medicare prescription drug costs and don't even realize it.
In fact, if you receive Medicare, you may be eligible for the Extra Help, which could save you about $4,000 per year on your monthly premiums, annual deductibles, and prescription co-payments.
To find out if you qualify, Social Security will need to know the value of your savings, investments, real estate (other than your home), and your income. We will also need information about you and your spouse, if you are married and living together.
Even if your annual income is higher, you may still qualify for partial extra help. Your resources must also be limited to $13,640 (or $27,250 for married couples). Resources include bank accounts, stocks, and bonds, but not your house or car.
Once you are determined to be qualified, you can choose either a Medicare prescription drug plan or a Medicare Advantage Plan for your savings.