Many Iowans, especially those living on a fixed income, may be in need of help paying for their Medicare premiums, deductibles, coinsurance and drug costs. The Medicare Savings Program and Extra Help programs can offer assistance to Iowans in need.
Senior Health Insurance Information Program (SHIIP) is available to help Iowans participate in these programs which could offer a lot of savings for Iowans.
The Medicare Savings Program is a state program that helps pay for Medicare premiums, deductible and coinsurances. There are three Medicare Savings Programs available to those that qualify. Individuals income and assets will determine what assistance they may receive. At a minimum, those who qualify will get their Part B premium paid, which could save them as much as $134 a month.
Iowans may qualify for one of the three Medicare Savings Programs if their income is below $1,376.75 (single) or $1,847 (couple) and their assets are less than $7,390 (single) or $11,090 (couple).
The Extra Help program assists with Medicare Part D drug costs. Iowans who qualify may get help paying their Part D premium, deductible and co-payments and there is no “donut hole” in the Medicare Part D coverage.
Iowans may qualify for the Extra Help program if their income is below $1,527.50 (single) or $2,050 (couple) and their assets are less than $13,820 (single) or $27,600 (couple).
Iowans with questions about Medicare may call SHIIP at 800-351-4664 (TTY 800-735-2942) or visit www.therightcalliowa.gov. You can reach a local SHIIP counselor by calling Lorry Kohls at Central Community Hospital (563-245-7023); or Pat Martin (563-539-4204);
SHIIP is a service of the State of Iowa Insurance Division. All services are free, confidential and objective. SHIIP counselors are available in communities across Iowa and are available to help answer questions and assist with problems Iowans have concerning Medicare and related health insurance. SHIIP is a service of the State of Iowa Insurance Division.