Apply for a Medicare savings program
Medicare savings programs (MSPs) can help you pay for the costs of your Medicare premiums. You may be legible for an MSP if you:
- are eligible for Part A
- have an income at or below a specified limit, depending on the type of MSP
- have limited resources, such as a checking or savings account, stocks, or bonds
There are four types of MSPs:
- Qualified Medicare Beneficiary (QMB) helps pay for both Part A and Part B premiums as well as deductibles, copays, and coinsurance
- Specified Low-Income Medicare Beneficiary (SLMB) helps pay for Part B premiums only
- Qualifying Individual (QI) helps pay for Part B premiums only
- Qualified Disabled and Working Individuals (QDWI) helps pay for Part A premiums only
To see if you qualify for an MSP, contact Medicare or your state’s Medicaid office.