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 do not include:
There are four main Medicare Savings Programs that you may qualify for based on your income and resources.
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.
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:
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:
The QDWI program helps you pay for your Medicare Part A premium if you:
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.
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