Oklahoma Insurance Department: Get help paying for your Medicare prescription drug costs

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This July 6, 2017, file photo shows prescription drugs displayed in a glass flask in Taylorsville, Utah.

FILE – This July 6, 2017, file photo shows prescription drugs displayed in a glass flask in Taylorsville, Utah. About 91% of people over 65 take at least one prescription medicine. (AP Photo/Rick Bowmer, File)

OKLAHOMA CITY (KFOR) –  As many Oklahomans are still experiencing financial hardship due to the COVID-19 pandemic, the federal Extra Help Program could help you with out-of-pocket costs associated with Medicare Part D prescription drug expenses.

The Oklahoma Insurance Department says more than 17,000 Medicare beneficiaries in Oklahoma may be eligible for this program but have yet to apply.

The Medicare Assistance Program (MAP) is a division of the Oklahoma Insurance Department that can help Medicare beneficiaries understand and apply for this assistance. MAP provides free, unbiased information to help Oklahomans understand Medicare, Medicare supplements, Medicare Advantage and other health plan options.

“Having to choose between buying groceries or paying for prescription drugs is a decision no Medicare beneficiary should have to make,” MAP Director Ray Walker said.

The income and asset limits for Extra Help are:

  • $1,469 per month with assets up to $9,470 if you are single
  • $1,980 per month with assets up to $14,960 if you are married

Individuals who qualify for this program will receive assistance with their Medicare Part D prescription drug plans. This means that individuals who are eligible for Full Extra Help will have their Part D monthly premium paid up to $29.11 per month.  They will pay a reduced co-pay of $3.70 for generic drugs and $9.20 for name-brand drugs.

“Even with higher income and resources, you may qualify for partial Extra Help, which will pay all or part of the monthly premium as well as a portion of the co-pays and coinsurance,” Walker added.

To see if you qualify for the Extra Help program, call the Oklahoma Medicare Assistance Program at 1-800-763-2828.

If you have questions about other insurance issues, please contact the Oklahoma Insurance Department at 1-800-522-0071.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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