Recently the U.S. Government Accountability Office has been looking more closely at the financial and health challenges faced by older Americans. As you know, many Americans who are no longer able to participate in the workforce often find themselves lacking resources. As a result, the GAO has decided to take yet another look at LIS - the Medicare Part D Low Income Subsidy and its effectiveness. This is particularly significant because as the National Elder Economic Security Index illustrates, LIS is a valuable support program that can help older Americans reach economic security.
The Centers for Medicare & Medicaid Services and the Congressional Budget Office have estimated, respectively, that about 2.6 million to over 4 million individuals who may qualify for the Medicare prescription drug low-income subsidy are not receiving it. Various barriers, such as reluctance to disclose personal financial information or lack of knowledge of the subsidy, may prevent potentially eligible Medicare beneficiaries from applying for the subsidy.
To view the highlights of the report, go to http://www.gao.gov/highlights/d08812thigh.pdf .
To learn more about the role Medicare Part D LIS can play in achieving economic security, please visit the Elder Economic Security Initiative website: http://www.wowonline.org/ourprograms/eesi/
Comments Please: Have you or a family member encountered problems with the accessibility of the Medicare Part D LIS Program?