Idaho Medicare Plans | LIS Extra Help | SHIBA

Extra Help & LIS - Get Help With Medicare Cost's

Hello.

This is Chris with Chris Antrim Insurance . Today we are going to be talking a little bit about Medicare.

I'm just gonna do a real quick video for you today. 

So I get asked a lot about certain state and federal programs that you can take advantage of with Medicare and it's based upon your income and assets.

So there's a couple of different programs, there's extra help and then there are the Medicare savings programs.

So I want to give you a video so you can go and do your own research and look into these.

The first thing you want to do is just go to the Department of Insurance , Idaho Department of Insurance.

You can google just google Idaho Department of Insurance and it's going to be that first link that pops up for you.

And this is the website here.

Okay, so lots of good information here, but you're gonna want to come right here to Medicare, click on that and you're going to have lots of great stuff here new to Medicare. 

If you're just turning 65 there's a lot of confusing confusion and you're probably getting bombarded, but here it is, it's called SHIBA and it's SHIBA home click on that.

Okay, and then here you go.

So here's the Great Shoppers guide American Medicare here.

Right, But you come in here and then here's your SHIBA home, and then um it's right here may occur, tools.

Yeah, so save money on Medicare.

So you see I come in here all the time that I still have to look for.

It saves money on Medicare, So there are lots of good tools in your, save money on Medicare is what you want, and then here you go. 

Okay, and what I do is um I just click these open here, uh and I actually have this in a nice pdf, if you would like me to send this to you so you have it and I can just email that to you.

So here it just walks you through the whole program, Right?

Extra help.

It's a federal program and it helps with your prescription drug costs.

So if you have some health issues with some pricey drugs and we're going to look at your income and assets down here in a sec, this can help you pay for those copays and deductibles, and most importantly it can possibly help get you and eliminate the doughnut hole.

Okay?

That is the part where you got to pay a majority of the premiums.

And then you've got Medicare savings programs which will help you pay your part A. And B. Premium.

All right. So now here's a couple of things here.

Here's the Extra Help program.

And here's the Medicare savings program.

Here are the income levels that you have to qualify for.

So I'm not going to walk through these.

You can read these and then the assets down here, they're going to talk to you about.

Okay?

So what is an asset?

It does include money in the bank accounts, stocks, bonds, real estate, okay?

Um, but your home, one car, personal possessions, uh, in a burial plot.

And 1500 accounts are not counted now married couples.

Right?

And you can see it here.

So it's a family-sized individual, married couple for both the Extra Help and for the Medicare savings program.

So, extra Help.

You can have a little bit more monthly income and assets with extra help than you can with the Medicare savings program.

All right.

So that's where we always kind of start to see there.

And then down here.

How do we apply?

Well?

Extra help is uh done with Social Security.

So, anyway, folks, I hope that helps you out today and call me with any questions and we can help you out.

Thank you so much.

Original post here: Idaho Medicare Plans | LIS Extra Help | SHIBA