If you have Medicare and qualify for full Medicaid coverage: Your state will pay your Medicare Part B (Medical Insurance) monthly premiums Depending on the level of Medicaid you qualify for, your state might pay for: Medicare costs like deductibles, coinsurance, and copayments Part A (Hospital Insurance) premiums, if you have to pay a premium for that coverage Medicaid may pay for other drugs and services that Medicare doesnt cover Based on resources and income, some may also qualify for Extra Help with the costs associated with a Medicare prescription drug plan Can help with monthly premiums, annual deductibles, and prescription co - payments Many qualify for the program and are unaware Social Security will need to know the value of your savings, investments, real estate (other than your home), and your income Dual Eligibility: Extra Help/LIS for Medicare Prescription Drug Costs: