You are correct - the programs (and their names) are confusing.
LIS, or Low Income Subsidy for Part D, and Extra Help for Part D are the same program. When
People enrolled in a
*Part D plans have monthly premium costs; these premiums must be paid every month to be a member of a particular Part D drug plan.
*Part D plans may (may not) elect a deductible cost. A deductible is a dollar amount that a person would have to pay for their medicines before the Part D drug plan begins to help to off-set the cost of the medicines.
*Part D plans set co-payment amounts. Co-payments are the amount you must pay at the pharmacy counter to pick up your prescriptions. Co-payments are a fraction of the full cost of the medicine.
The Extra Help for Part D program is designed to help people who have limited income and limited assets with the above mentioned costs. A person's income and assets are screened.
There are varying levels of financial help available through the Extra Help program. A person approved for Extra Help may have their monthly premium fully subsidized, meaning they will have no monthly premium for Part D.
If they fall in the higher levels of income/assets under the Extra Help program, they may have a portion of their monthly premium subsidized.
Likewise, people approved for the Extra Help program will receive help with both the cost of the deductible (if a plan imposes a deductible) and with the cost of their co-payments at the pharmacy counter.
The 2016 income levels for Extra Help are below
The asset limits for the Extra Help program are below
The application for the Extra Help program is made through the
Your local SHIP office does have a limited supply of paper applications; you may call SHIP at 410-222-4257 for a paper application.
You may also talk with a SHIP counselor for more information about the Extra Help (a.k.a. LIS) program. SHIP may also help you in selecting the appropriate Part D drug plan to work with Extra Help assistance.