The average monthly premium for a Medicare Part D prescription drug plan is $34.70 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 2024 does not exceed $22,596 for a single person or $30,660 for a couple, and your assets, not including your home and car, total no more than $15,590 for a single person or $31,360 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 $5,400 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.

Apply Online for NJSave

In addition, 10 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).