Is additional financial assistance available for low-income beneficiaries of Medicare Supplement plans?

The correct answer is that additional financial assistance is available for low-income beneficiaries of Medicare Supplement plans through programs like Medicaid. This is significant because many individuals who qualify for Medicare might still encounter challenges affording out-of-pocket expenses, deductibles, co-pays, and premiums associated with Medicare Part A and Part B, as well as their Medicare Supplement (Medigap) plans.

Medicaid serves as a crucial safety net for eligible low-income individuals, providing additional support to cover healthcare costs that Medicare does not fully pay. In many cases, individuals who qualify for both Medicare and Medicaid can receive comprehensive coverage that helps reduce their financial burden significantly. This assistance can include benefits for long-term care and additional services that may not be covered by Medicare alone.

The other available options do not accurately reflect the financial assistance structure for low-income Medicare beneficiaries. Hence, recognizing the importance of programs like Medicaid in providing this assistance can help beneficiaries navigate their healthcare options more effectively.