Jan 21

New Ways to Lower your Medicare Costs in 2020

A new state law in Massachusetts is expanding several Medicare Savings Programs (also known as “MassHealth Buy-in” programs).
These programs help older residents and people living with disabilities save money on their Medicare coverage.

On January 1, 2020 the income and asset limits for the Medicare Savings Programs* increased. If you qualify, these programs will pay your Part B premium and in some cases your Part A and B deductibles, co-pays and Part A premium (if you have one). In addition, you will automatically receive Extra Help, a program that will lower your Medicare Part D premium and co-pays.

Income and asset limits effective 1-1-20

   Income / month Assets
Individual $1,738 $15,720
Married couple $2,346 $23,600


Prescription drug co-payments with Extra Help effective 1-1-20

  Per 30-Day supply
Generic $3.60
Brand Name $8.95

To learn more and to request an application, contact MassHealth at: 1-800-841-2900 or TTY at: 1-800-497-4648. SHINE Counselors can also assist you with the application process. Call 1-800-243-4636 or your town’s Council on Aging to find a SHINE counselor near you.

Applications are also available on-line at: https://tinyurl.com/MassMSP

* Medicare Savings Programs are also called “MassHealth Buy-In” and are administered by MassHealth. A flyer and FAQ about the program can be found here.