What is the purpose of the Medicare Low-Income Subsidy (Extra-Help Program)?

The purpose of the Medicare Low-Income Subsidy, commonly referred to as the Extra-Help Program, is specifically aimed at assisting eligible individuals with paying for their Medicare Part D premiums and out-of-pocket prescription drug costs. This program is designed to alleviate the financial burden on low-income seniors and individuals with disabilities, ensuring they can afford necessary medications that fall under Medicare's prescription drug coverage.

The benefits provided by the Extra-Help Program include reduced premiums, lower deductibles, and decreased co-pays for prescriptions. This support is crucial for eligible beneficiaries, as it helps them manage their healthcare expenses and access medications that they might otherwise find unaffordable.

Other options do not align with the targeted purpose of the program: while providing free healthcare services or covering all medical expenses could be beneficial aspects of healthcare support, they are not the focus of the Medicare Low-Income Subsidy. Additionally, the program does not limit itself solely to preventive care; its emphasis is on the cost of prescription drugs under Part D. This clarity on its purpose helps individuals understand the specific financial assistance available to them through the program.