Site Map Icon
RSS Feed icon
 
CARPENTERS LOCAL 243
AFFILIATED WITH CHICAGO REGIONAL COUNCIL OF CARPENTERS
 
 
October 20, 2018
Contact Congress!
Enter Zip code:
Every Dollar Counts
Updated On: Jun 17, 2009

 

Social Security Column
 
IN TIMES LIKE THESE, EVERY DOLLAR COUNTS
 
By Judith Bartels
Social Security District Manager in Springfield, IL
 
Fathers are often known for their good advice, whether it’s how to catch a ball, ace a job interview, grill the perfect burger or get the best deal on a new car.
 
But if your father is struggling with the high cost of prescription drugs, maybe it’s time for you to give him a few words of advice. This Father’s Day, you may be able to help your dad save an average of $3,900 a year on his prescription drug costs. Here’s how.
 
If your father, or any father figure you know, is covered by Medicare and has limited income and resources, he may qualify for extra help — available through Social Security to pay part of his monthly premiums, annual deductibles and prescription co-payments. The extra help is worth an average of $3,900 per year. 
 
To figure out whether your father is eligible, Social Security needs to know his income and the value of his savings, investments and real estate (other than the home he lives in). To qualify for the extra help, he must be receiving Medicare and also have:
 
·        Income limited to $16,245 for an individual or $21, 855 for a married couple living together. Even if his annual income is higher, he still may be able to get some help with monthly premiums, annual deductibles and prescription co-payments. Some examples where income may be higher include if he or his wife:
            —Support other family members who live with them;
            —Have earnings from work; or
            —Live in Alaska or Hawaii; and
 
·        Resources limited to $12,510 for an individual or $25,010 for a married couple living together. Resources include such things as bank accounts, stocks and bonds.  We do not count his house or car as resources.
 
Social Security has an easy-to-use online application that you can help complete. You can find it at www.socialsecurity.gov/prescriptionhelp. To apply by phone or have an application mailed to you, call Social Security at 1-800-772-1213 (TTY 1-800-325-0778) and ask for the Application for Help with Medicare Prescription Drug Plan Costs (SSA-1020). Or go to the nearest Social Security office.
 
To learn more about the Medicare prescription drug plans and special enrollment periods, visit www.medicare.gov or call 1-800-MEDICARE (1-800-633-4227; TTY 1-877-486-2048). 
 
So this Father’s Day, as the meat is grilling, you’re playing catch, and talking about your own kids, fit in a bit of good advice for Dad — advice he can put to use right away. Tell him about the extra help with his prescription drug costs. In fact, you can help him apply online in minutes at www.socialsecurity.gov/prescriptionhelp. After all, in times like these, every dollar counts.



Member Login
Username:

Password:


Not registered yet?
Click Here to sign-up

Forgot Your Login?
<< October 2018 >>
S M T W T F S
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31
Important Links
Chicago Regional Council of Carpenters
United Brotherhood of Carpenters
Apprenticeship Program
Pension Office - IEBC
Central IL Carpenters Health & Welfare
CIC Healthlink - Drs & Hospitals
Helmets to Hardhats
Social Security Online
Google
UnionActive Newswire
 
Join the Newswire!
Updated: Oct. 20 (20:59)

Local 391's Voice of Teamsters Fall 2018 Edition
Teamsters Local 391
Why Labor Is A Foreign Policy Issue
Teamsters Local 355
PAYROLL ISSUE, UPDATE II
APWU Cleveland Area Local
Read Frontline!
International Brotherhood of Electrical Workers, Local Union 21
Stand with Workerson Strike @Marriott
Brotherhood of Railroad Signalmen
2018 General Election Endorsement List
IUOE 302
 
     
Weather Report
 
 
Carpenters Local 243
Copyright © 2018, All Rights Reserved.
Powered By UnionActive™
Visit Unions-America.com!

Top of Page image