Truth :
Pennsylvania’s PACE and PACENET programs help qualifying residents aged 65 and older who meet incomes lower their prescriptions drug costs. Funded by the state lottery, these programs work with Medicare Stand Alone Part D and Advantage Plans to eliminate drug deductibles and reduce copays for medications. Those who qualify can save thousands of dollars per year!
Below are the annual income limits:
- Single: $35,720
- Married couple: $45,940
Tip/Trick:
There are no asset limits! This means it doesn’t matter how much money is deposited in your savings or checking accounts. Even if you have stocks, bonds, an IRA or 401k, you can still qualify if your income, which includes your gross Social Security, falls under the annual income limit. Be advised that qualification is based on your prior year’s tax returns.
If you would like to have an agent at The Health Insurance Store evaluate if you qualify, give us a call at 724-603-3403 or email me personally, Aaron@GetYourBestPlan.com. There is never a charge for this service or a consultation.