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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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Qualified Medicare Beneficiary (1).png

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

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