Medicare Extra Help
Resources that qualify as resources when applying for the Extra Help program has been unclear. With recent changes to this, here are some things that do and do not count.
To be eligible for Extra help, your total resources must be limited to $12, 510 for an individual or $25,010 for a married couple, living together.
Youre primary residence and youre personal possessions do not count as resources. You do not have to list any personal possessions such as a computer, television, or other personal items.
Youre vehicle or vehicles also are not counted as resources. This, if you are married, does include the vehicle of youre spouse.
Any life insurance policies, burial spaces, or property that you need for self-support like rental property or land is not counted as resources.
Any and all resources that you have that cant be quickly converted to cash also do not count as resources. Example of this would be jewelry or furnishings throughout youre home.
Federal refunds and economic recovery payments are also not counted as resources. Compensation if you were a victim of crime, RSI or SSI payments also do not count.
Remember any questions you have about youre current Medicare benefits or any other questions you may have, you can contact the local Social Security office.
When applying for the Extra Help program for those on Medicare, there has been some discrepancy on what counts as a resource.
To be eligible for Extra help, your total resources must be limited to $12, 510 for an individual or $25,010 for a married couple, living together.
Some things that do not qualify as resources are personal possessions. You do not have to list any personal possessions such as a computer, television, or other personal items.
Youre vehicle or vehicles also are not counted as resources. This, if you are married, does include the vehicle of youre spouse.
Posted by Georgia Edwards