Most seniors and individuals with disabilities on Medicare in 2023 will pay $164.90 each month directly out of their Social Security check for their Part B premium.

If your annual income in 2023 does not exceed $19,692 (if single) and $26,628 (if married), and your assets, not including your home and car, total no more than $9,090 for a single person or $13,630 for a couple, you can get the State of New Jersey to pay your Part B premium and save at least $1,800 each year on healthcare expenses. Lower income individuals may save even more.

The average monthly premium for a Medicare Part D prescription drug plan is $34.71. In addition, each time a senior and individual with disabilities on Medicare goes to the pharmacy, they must pay their co-pay and, in the donut hole, about half the cost of their medication.

If your annual income in 2023 does not exceed $21,870 for a single person or $29,580 for a couple, and your assets, not including your home and car, total no more than $16,660 for a single person or $33,240 for a couple, you can get the State of New Jersey to pay your Part D premium, lower your co-pay amount and pay only that reduced co-pay amount throughout the year (i.e., you have no donut hole). People on LIS also pay no late enrollment penalty. The average person on LIS saves $5,000 each year in prescription costs.

To learn more about and apply for these programs contact your County State Health Insurance Assistance Program (SHIP). You can also go online and complete an NJSave application that screens and enrolls eligible individuals in up to 10 different assistance programs including a Low Income Subsidy or Medicare Savings Program.

In addition, 9 agencies have received grant funding to promote and help individuals in their county enroll in these programs.  Contact one of these agencies if you live in their county:

Get Help Paying Your Medicare Costs: Brochure (English & Spanish) 

Your Guide to Free & Reduced-Cost Medicare Preventive Benefits: Brochure (English & Spanish)