If you have limited income and resources, you may qualify for help paying some healthcare and prescription drug costs. Fifty-two percent of seniors in Hawai‘i qualify for the Medicare Extra Help program.
You may qualify for extra help if your yearly income and resources were below certain limits (the following are figures for 2021):
• A single person must earn less than $22,470 and have less than $14,790 in resources.
• Married persons must earn less than $30,300 and have less than $29,520 in resources.
Resources include money in a checking or savings account, stocks, bonds, mutual funds and IRAs. Resources don’t include your home, car or household items, your burial plot, up to $1,500 for burial expenses per person or life insurance policies.
If you qualify for Extra Help and join a Medicare drug plan, you will get help paying your plan’s costs and incur no late enrollment penalties.
Drug costs in 2021 for people who qualify will be no more than $3.70 for each generic drug and $9.20 for each brand-name drug.
For more information and to access an Extra Help application, visit socialsecurity.gov/i1020 or call Social Security at 1-800-772-1213.
FINANCIAL BENEFITS INSURANCE INC.
1311 Kapiolani Blvd., Ste. 504, Honolulu, HI 96814
808-792-5194 | emotosue@fbihi.com
www.fbihi.com | FB: Financial Benefits Insurance
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