There are a number of out-of-pocket expenses for Part A and B. Congress created the jointly funded (federal and state) Medicare Savings Programs (MSPs) to help low income Medicare beneficiaries get financial help to pay for some or all of the Part A and B out of pocket expenses.
Elderbridge LifeLong Links Options Counselors are available to help you. They'll find out if you qualify and then take you through the steps on how to apply for a Medicare Savings Program. Call 866-468-7887 for assistance.
To be eligible for a Medicare Savings Program, beneficiaries must have income below certain Federal Poverty Levels (FPL), which are published in the Federal Register each year by the Department of Health and Human Services (DHHS). The poverty levels are the same regardless of the age of the family members. Additionally, countable resources must be below certain limits.
The Medicare Savings Programs includes 4 separate programs: Qualified Medicare Beneficiary (QMB), Specified Low-Income Medicare Beneficiary (SLMB), Qualifying Individual (QI), Qualified Disabled Working Individual (QDWI).