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|I am qualified for Medicaid and receive full Medicare Part D Extra Help, so why is my 2016 Medicare drug plan charging me a $3.80 premium in 2017? |
|Published on 2017-01-02 15:30:54||Category: Medicaid, LIS and Extra Help|
|Your chosen 2016 Medicare Part D plan no longer qualifies for your state's full-benefit LIS $0 monthly premium in 2017.|
For example, the 2016 Florida AARP MedicareRx Saver Plus (PDP) plan qualified for the full-LIS
$0 monthly premium. However, the same Part
D plan no longer qualifies for the $0 premium in 2017. Rather, the monthly premium for people with a 100% LIS benefit is $3.80.
Please read more about how to see full or partial LIS premiums for any plan.
See the chart below
for more 2017 prescription plans that no longer qualify for the $0 monthly premium
in 2017, but did qualify in 2016.
As background: If you qualify for the full Medicare Part D Low-Income Subsidy (LIS or Extra Help), each year Medicare
will automatically enroll you in a Medicare Part D plan that qualifies for your
state’s $0 monthly premium.
have the right to select your own Medicare Part D plan at any time
during the plan year.
Important: If you select your own plan, Medicare considers
you a "Chooser" and does not automatically change your
enrollment for the next plan year -- even if your selected Medicare Part D plan
no longer qualifies for the state’s full-LIS $0 monthly premium.
The good news is that since you do receive "Extra Help" you can change your Medicare Part D plan at any time throughout the year to a drug plan that does qualify for the $0 monthly premium (and covers all of your medication needs) and your new coverage will take effect on the first day of the month after your enrollment.
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