Medicare Savings Programs (MSP) are state-administered programs that help individuals with limited income and resources pay their Medicare costs. Depending on the specific program, an MSP can cover Medicare Part B premiums and, in some cases, Part A premiums, deductibles, and coinsurance.
There are four primary types of Medicare Savings Programs. If a beneficiary qualifies for QMB, SLMB, or QI, they automatically qualify for Extra Help (LIS) to pay for prescription drug costs.
| Program | Individual Income Limit (Monthly) | Married Couple Income Limit (Monthly) | Resource (Asset) Limit |
|---|---|---|---|
| QMB | $1,350 | $1,824 | $9,950 (Indiv.) / $14,910 (Couple) |
| SLMB | $1,616 | $2,184 | $9,950 (Indiv.) / $14,910 (Couple) |
| QI | $1,816 | $2,455 | $9,950 (Indiv.) / $14,910 (Couple) |
| QDWI | $5,405 | $7,299 | $4,000 (Indiv.) / $6,000 (Couple) |
*Some states, like New York or Connecticut, may have higher limits or no asset test.
