If you have limited income or resources, you may qualify for programs that help lower your Medicare costs:

• Medicare Savings Programs (MSP) – May help pay Part B premiums and sometimes deductibles or coinsurance.

• Extra Help (Low-Income Subsidy) – Helps reduce Medicare Part D prescription drug costs.

• State Pharmaceutical Assistance Programs (SPAP) – Available in certain states like New Jersey and New York to help with prescription costs.

Eligibility and benefit amounts are updated annually.

• If you worked at least 40 quarters (about 10 years), Medicare Part A is usually premium-free.

• If you worked 30–39 quarters, you may pay a reduced Part A premium (amount varies annually).

• If you worked fewer than 30 quarters, you may pay the full Part A premium (amount varies annually).

• The standard Medicare Part B monthly premium in 2026 is set annually by CMS and may vary based on income (IRMAA adjustments may apply).

• Medicare Part D and Medicare Advantage (Part C) premiums vary by plan and county in New Jersey and New York.

If you have limited income or resources, you may qualify for programs that help lower your Medicare costs:

• Medicare Savings Programs (MSP) – May help pay Part B premiums and sometimes deductibles or coinsurance.

• Extra Help (Low-Income Subsidy) – Helps reduce Medicare Part D prescription drug costs.

• State Pharmaceutical Assistance Programs (SPAP) – Available in certain states like New Jersey and New York to help with prescription costs.

Eligibility and benefit amounts are updated annually.

Medicare is a federal program for people ages 65 and older,  people who are disabled,  people who have kidney failure, or Lou Gehrig’s disease.

Medicaid is for families or individuals who have low income or resources. However, if you are a senior who has a low income you may apply for Medicaid.