MEDICARE SAVINGS PROGRAM

You can get help from your state paying your Medicare premiums. In some cases, Medicare Savings Programs may also pay Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance) deductibles, coinsurance, and copayments if you meet certain conditions. 

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There are 4 Medicare Savings Programs;

1. Qualified Medicare Beneficiary

2. Specified Low Income Beneficiary

3. Qualifying Individual Program

4. Qualified Disabled and Working Individuals

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See income requirement below 

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What items are included in the Medicare Savings Program resource limits?

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Countable resources include:

• Money in a checking or savings account

• Stocks

• Bonds

Countable resources don't include:

• Your home

• One car

• Burial plot

• Up to $1,500 for burial expenses if you have put that money aside

• Furniture

• Other household and personal items