Extra Help Benefits offered by Medicare as Father’s Day commemoration

PRLog (Press Release) – Jul 13, 2007 – In commemoration of the coming Father’s Day celebration, the Social Security Administration and the Center for Medicaid and Medicare Services worked together in order to get across some benefits to Medicare beneficiaries. An extra help is guaranteed for Medicare beneficiaries concerning the costs for their prescription drugs. A beneficiary or a loved one can file for this extra help Medicare program.

Los Angeles, California, June 12, 2007 – In order to determine if the relative you are filing extra help for is eligible for the said Medicare benefit, the Social Security requires to be informed about the target beneficiaries’ income and their savings’ value.

Moreover, the Social Security must also know the applying beneficiaries’ investments and owned real estate property, excluding their home.

For beneficiaries to qualify for the extra help program by the Medicare, the following is required:

- Income must be limited to $15, 315 for one individual or $20, 535 for a couple that are married and living together. Even if your loved ones may still have a higher annual income, they may still become eligible for benefits and receive some help with their premiums every month, deductibles per annum and co-payments for prescription.

Income may be higher than according to stipulated if the individual or spouse support some of their family members who are living with them, have some earnings generated from work or lives in Hawaii or Alaska

- Resources must only be limited to $11,710 for one individual or $23,410 for a couple that is married and living together. Resources may be identified as the individual or couple’s stock and bonds or bank accounts.

The Medicare program does not count house and car of an individual or couple as resources.

To apply for the extra help benefits, the Social Security has developed an online application process wherein third parties like family members or caregivers can fill up to assist the Medicare beneficiaries apply and eventually, receive their benefits.

For more information about the extra help benefits to be imparted by the Social Security and Medicare Services program, log on to www.ssa.gov

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