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Are You Aware of Medicare Savings Programs?

Posted: February 21, 2025, 8:24AM

There are four programs to assist eligible Medicare beneficiaries with costs that Medicare does not pay.  Premiums, deductibles, and coinsurance costs may be benefits as well as prescription drug program costs.  Benefits depend on the program for which you are eligible.

QMB:  Income limits are $1325 / individual and $1783 / couple and asset limits of $9660 / individual and $14,470 / couple.  Covers Part A deductible, Part A coinsurance, Part B deductible, Part B coinsurance, Part B monthly premium

SLMB:  Income limits are $1585 / individual and $2135 / couple and asset limits of $9660 / individual and $14,470 / couple.  Covers Part B monthly premium

QI-1:  Income limits are $1781 / individual and $2400 / couple and asset limits of $9660 / individual and $14,470 / couple:  Covers Part B monthly preimium.

Part D Extra Help:  Income limits are $1976 / individual and $2664 / couple and asset limits of $17,600 / individual and $35,130 / couple.  Lowers the cost of your Part D prescriptions and plan premium.

For more information on the benefits of the Medicare Savings Programs, contact your local SHIP (State Health Insurance Information Program) for assistance. 

Elizabeth Blake is the SHIP counselor for Hancock, Brooke, Ohio, and Marshall Counties in WV and can be reached at 304 215-6528 or eblake@informationhelpline.org.

Belmont County, Ohio residents can contact Ohio Hills Health Services at 740 425-5147.

To find your SHIP office, go to https://www.shiphelp.org and click on "Ship Locator".

SHIP counselors help beneficiaries and caregivers navigate Medicare.

 

 

 

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