Social Security Help Paying Medicare Premiums

To sign up please call our toll free number at 1 800 772 1213 tty 1 800 325 0778 you also may contact your local social security office.

Social security help paying medicare premiums.

If you have limited income and resources your state may help pay your medicare premiums. If you re having trouble paying your premiums now or if you have any questions about your medicare premium bill call us at 1 800 medicare. You can pay electronically or by mail. Pace program of all inclusive care for the elderly is a medicare medicaid program that helps people meet health care needs in the community.

I need help paying my premiums. In some cases medicare savings programs may also pay medicare part a hospital insurance and medicare part b medical insurance deductibles coinsurance and copayments if you meet certain conditions. The extra help is estimated to be worth about 5 000 per year. States pay medicare part b premiums each month for over 10 million individuals and part a premium for over 700 000 individuals.

To qualify for the extra help a person must be receiving medicare have limited resources and income and reside in one of the 50 states or the district of columbia. People with low incomes and limited financial assets may qualify for one of four medicare savings programs that can help with premiums and copays. Most people pay the standard part b premium amount. These are federally funded but run by the states.

The standard part b premium as of 2019 is 135 50 but most people with social security benefits will pay less 130 on. If you are what social security considers a higher income beneficiary you pay more for medicare part b the health insurance portion of medicare. But you usually don t pay any premiums for part a insurance because you likely already paid premiums through social security taxes if you worked for at least 10 years in the u s. This process promotes access to medicare coverage for low income older adults and people with disabilities and it helps states ensure that medicare is the first and primary payer for medicare covered services for dually eligible beneficiaries.

The standard part b premium amount in 2020 is 144 60. Most enrollees don t pay for medicare part a which covers hospitalization medicare premiums are based on your modified adjusted gross income or magi. If your modified adjusted gross income as reported on your irs tax return from 2 years ago is above a certain amount you ll pay the standard premium amount and an income related monthly adjustment amount irmaa. If you live in puerto rico you will not receive medicare part b medical insurance automatically.

You can get help from your state paying your medicare premiums. State medicare savings programs msp programs help pay premiums deductibles coinsurance copayments prescription drug coverage costs.