What is the program:
Medicare Savings Program helps Medicare recipients pay for all or part of their Medicare premiums.
Who is eligible:
Medicare recipients who meet income and resource requirements.
Programs available:
- Qualified Medicare Beneficiary Program (QMB)
- Specified Low-Income Medicare Beneficiary Program (SLMB)
- Qualified Individual (QI-1) Program
- Qualified Disabled Working Individual (QDWI)
Resource requirements:
For QMB, SLMB and QI-1 programs, your resources (assets) must be less than $7,730 for an individual and $11,600 for a couple. For the QDWI program, your resources (assets) must be less than $4,000 for an individual and $6,000 for a couple.
Examples of resources:
- Cash
- Bank accounts
- Certificates of deposits
- Savings bonds
- Stocks
- Real property (except the home you live in)
- Recreational vehicles
Qualified Medicare Beneficiary (QMB) Program
- Pays Part A and Part B premiums.
- Pays deductibles.
- Pays co-payments except for prescriptions.
To be eligible your income must be no more than:
- 100% of the Federal Poverty Level.
Specified Low-Income Medicare Beneficiary (SLMB)
- Pays Part B premiums.
To be eligible your income must be no more than:
- 120% of FPL.
Qualified Individual (QI-1) Program
- Pays Part B premiums.
To be eligible your income must be no more than:
- 135% FPL.
Qualified Disabled Working Individual (QDWI) Program
- Pays Part A premiums.
To be eligible your income must be no more than:
- 200% FPL.
For more information, visit the Apple Health (Medicaid) manual for Medicare Savings Programs