Medicaid vs. Extra Help: Which One Saves You More Money?

In the U.S., medical expenses—especially prescription drug costs—can be shockingly high, often running into hundreds of dollars. But did you know the government offers programs designed to help you save money, like Medicaid and Extra Help (also known as Low-Income Subsidy)? You might already qualify and not even realize it!

If you’re unsure whether you’re eligible or want to learn how to get the most out of these benefits—don’t worry! Today, we’re breaking down the differences between these two programs and how to apply, so you can make sure you’re getting the maximum medical assistance you deserve.

What Is Medicaid? And Who Qualifies?

Think of Medicaid as a “super healthcare plan.” It can help cover doctor visits, hospital stays, prescriptions, and sometimes even dental, vision, and long-term care. Best of all—it’s often free or extremely low cost.

However, Medicaid has stricter income and asset limits. Some people might be just slightly over the limit and not qualify. But don’t give up yet—that’s where Extra Help comes in!

What Is Extra Help? And How Does It Save You Money?

As the name suggests, Extra Help provides “extra support”—especially for those on Medicare who find Part D prescription drug costs too expensive. Extra Help can significantly lower your out-of-pocket costs for medications.

If you already have Medicaid, congratulations—you automatically qualify for Extra Help! But even if you don’t qualify for Medicaid, you might still be eligible for Extra Help if your income and assets are modest.

How Do You Know If You Qualify?

Many people miss out on these benefits simply because they’re unaware of the rules or assume they don’t qualify. Are you one of them?

• If you’re unsure whether you’re eligible for Medicaid or Extra Help, reach out to a TransGlobal specialist for a free evaluation—we’ll help assess your current situation and guide you through the application process.
• Do you already have Medicaid but not sure if you’re also getting Extra Help? We can check that too and make sure you’re not missing out on any benefits.
• Even if you don’t qualify for Medicaid but struggle with prescription costs, you may still qualify for Extra Help on its own.

Don’t guess. Don’t leave money on the table.

If you want to save on healthcare and find out which government programs you qualify for, contact us today for a free consultation!

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Please contact the local agent of TransGlobal today or call 888-831-8868.

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