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. 

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

See income requirement below 

Qualified Medicare Beneficiary.png

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

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