Medicare Savings Programs | Medicare Plan Finder


Need help paying for Medicare-related costs? You may qualify for a Medicare Savings Program


 

About Medicare Savings Programs

If you need help paying for Medicare-related costs, you may be eligible for a Medicare Savings Program. To qualify for a Medicare Savings Program, you have to be enrolled in Original Medicare (or at least Medicare Part A) first. Then, whether or not you qualify is based on your income and resources, otherwise known as “assets.”

Resources include:

  • Money in a checking or savings account
  • Stocks and bonds

Resources do not include:

  • House or car
  • Burial plots
  • Furniture or other personal property

There are four main Medicare Savings Programs that you may qualify for based on your income and resources.

Find the Medicare Savings Program Application

Finding the Medicare Savings Program Application may be difficult because there is a different application for every state. Medicare Savings Programs are actually tied to state Medicaid programs, so your state’s Medicare Savings Program Application can usually be found within your state’s Medicaid application.

Click here to access your state’s website.

QMB Program (Qualified Medicare Beneficiary Program)

The QMB program helps you pay for Medicare Part A & B premiums, deductibles, coinsurance, and copayments. To be eligible for the QMB program, you should have:

  • Single monthly income of less than $1,010
  • Married monthly income of less than $1,355
  • Single resources of less than $7,280
  • Married resources of less than $10,930

QI Program (Qualifying Individual Program)

The Qualifying Individual Program helps you pay for your Medicare Part B premium. The QI program is awarded on a first-come-first-serve basis. You must re-apply every year, and you cannot qualify for QI if you already have Medicaid. The income requirements for the QI program are:

  • Single income of less than $1,357
  • Married income of less than $1,823
  • Single resources of less than $7,280
  • Married resources of less than $10,930
Have Questions? Ask a Benefits Advisor in Your Area

QDWI Program (Qualified Disabled and Working Individuals Program)

The QDWI program helps you pay for your Medicare Part A premium if you:

  • Are a working and disabled person under 65
  • Lost premium-free Part A eligibility after returning to work
  • Do not receive state medical assistance
  • Meet state-based income and resource limits:
    • Single income limit of a little over $4,000
    • Married income limit of about $5,500
    • Single resource limit of about $4,000
    • Married resource limit of about $6,000

Apply for Medicare Savings Programs

If you need help applying for a Medicare Savings Program, our Medicare Plan Finder benefits advisor may be able to help! They specialize in helping seniors and Medicare eligibles find as many cost savings as possible and find the right plan with the right coverage. To meet with a benefits advisor near you, click here or call 833-438-3676.

Have questions? Ask a Benefits Advisor!