Medicare Savings Programs (MSP): Help with Medicare Expenses

Medicare Savings Programs
Medicare Savings Programs (MSP) provide an assistance in paying your Medicare premiums and, in some cases, Parts A and B deductibles, coinsurance and copayments. There are four types of State Medicare Savings Programs providing Help with Medicare Expenses.

  • Qualified Medicare Beneficiary (QMB)
  • Specified Low-Income Medicare Beneficiary (SLMB)
  • Qualified Individual (QI)
  • Qualified Disabled and Working Individuals (QDWI)

Types of Medicare Savings Programs – 2018

Qualified Medicare Beneficiary (QMB)

  • Requirements: You must have Medicare Part A; meet the income and resource guidelines
  • Income: Single/Married monthly income should be at or below $1,025 for an individual and $1,374 for a couple. The monthly income limits are 100% of the Federal Poverty Level (FPL) plus $20.
  • Resource Limit: Single/Married resources should be less than $7,390/ $11,090
  • Program Helps Pay For: Part A premium; Part B premium; Deductibles, coinsurance, and copayments; Extra Help (LIS)

Specified Low-Income Medicare Beneficiary (SLMB)

  • Requirements: You must have Medicare Part A; meet the income and resource guidelines
  • Income: Single/Married monthly income should be between $1,026 and $1,226 for an individual and between $1,375 and $1,644 for a couple. The monthly income limits are between 100% and 120% of the Federal Poverty Level (FPL) plus $20.
  • Resource Limit: Single/Married resources should be less than $7,390/ $11,090
  • Program Helps Pay For: Part B premium only; Extra Help (LIS)

Qualified Individual (QI)

  • Requirements: You must have Medicare Part A; meet the income and resource guidelines
  • Income: Single/Married monthly income should be between $1,227 and $1,377 for an individual and between $1,645 and $1,847 for a couple.  The monthly income limits are between 120% and 135% of the Federal Poverty Level (FPL) plus $20.
  • Resource Limit: Single/Married resources should be less than $7,390/ $11,090
  • Program Helps Pay For: Part B premium only; Extra Help (LIS)

Qualified Disabled and Working Individuals (QDWI)

  • Requirements: You must be a disabled individual who has lost Medicare Part A benefits because you returned to work and are not otherwise eligible for Medicaid benefits; meet the income and resource guidelines
  • Income: Single/Married monthly income should be below $4,105 for an individual and $5,499 for a couple – not higher than 200% of the Federal Poverty Level (FPL).
  • Resource Limit: Single/Married resources should be less than $4,000 / $6,000
  • Program Helps Pay For: Part A premium only (but not any coinsurance or deductible) for working disabled people; Extra Help (LIS)

Am I eligible for Help with Medicare Expenses?

The only way to know for sure whether you are eligible for one of the Medicare Savings Programs is to actually apply. If you receive income from working, you may qualify even if your income is higher than the limits above. Many states figure your income and resources differently, so you may be eligible even if you exceed the published limits above. Call your State Medicaid Program to see how to apply. You may locate their number by calling 1-800-MEDICARE (1-800-633-4227).

How Liberty Medicare Can Help?

Liberty Medicare is a leading insurance agency that specializes in Medicare insurance in the following states: Delaware, Illinois, Maryland, New Jersey, New York, Ohio, Pennsylvania and Virginia. All our services are absolutely free to you. An essential part of our job is working with low-income senior citizens and providing suggestions on the available Medicare Savings Programs that will help you with Medicare Expenses.

Please contact us if you need advice on applying for Medicare Savings Programs.

Get our Medicare Quotes, or give us a call at 877-657-7477, and you will be connected to a licensed agent/broker.