Low-Income Subsidy eliminates all Part D plan premiums.

The statement regarding the Low-Income Subsidy (LIS) eliminating all Part D plan premiums is not entirely accurate, hence the answer being false. The Low-Income Subsidy is designed to help eligible individuals with the costs associated with Medicare Part D prescription drug plans. While it significantly reduces or eliminates premiums for those who qualify, it does not universally eliminate all premiums for every beneficiary participating in a Part D plan.

Specifically, the amount of premium assistance offered under LIS depends on the beneficiary's income and resources levels. For certain individuals with very low incomes and resources, their premiums may be fully covered, while others with slightly higher incomes may see reduced premiums but not complete elimination. Therefore, the applicability of LIS can vary among different income levels, making a blanket statement about the elimination of all Part D premiums inaccurate.

Understanding these nuances of the Low-Income Subsidy is crucial for beneficiaries looking to manage their prescription costs effectively.