Low Income Subsidy
LIS is a federal subsidy program that helps low income Medicare-eligible consumers save money on their prescription costs, including monthly premium, annual deductible, and copayment/coinsurance. It is also known as Extra Help (the term used by Social Security Administration).
To qualify for Extra Help, the Medicare consumer must:
- Have Medicaid Part A and Part B
- Reside in one of 50 states or the District of Columbia
- Meet resource and income limits
- Be a member of a Prescription Drug Plan
Ever hear of Low Income Subsidy? Well, many low income Americans that are eligible for Medicare have already started saving money on prescription costs, annual deductibles and copayments/coinsurance.
The Social Security Administration calls it Extra Help!
