What is a Medicare savings program?

A Medicare savings program is curated to ensure your well-being and benefit. If you are still not sure about the fine details about this program, get in touch with AskHPM experts today. We are here to help you make an informed decision, every day.

A Medicare savings program is designed to help beneficiaries get help or assistance from the state. It is possible to get help in paying Medicare premiums for Part A (hospital insurance), Part B (medical insurance), coinsurance, deductibles, and copayments as well. There are prerequisites attached to these benefits though.


There are, primarily, four types of Medicare Savings Program such as:

1.       Specified Low-Income Medicare Beneficiary Program (SLMB)

2.       Qualified Medicare Beneficiary program (QMB)

3.       Qualified Disabled and Working Individuals Program (QDWI)

4.       Qualifying Individual Program (QI)

If you meet the requirements and qualify for the QI, QMB, or SLMB program, you automatically get the additional help you need to pay your Medicare drug coverage. Besides the above program list, there are certain items included in MSP such as:

·         Countable resources- Bonds, stocks, and Money in savings or checking account.

However, countable resources explicitly do not include – one car, burial plot, your home, furniture, and miscellaneous personal or household items.

Another interesting aspect to note is a Medicare replacement card facility that is provided by the government. In case of a stolen, damaged, or soiled Medicare card, you can log in to www.medicare.gov to reapply for a replacement card.

Its important to call and fill out the details, if you think you are eligible for a Medicare savings program and get all the information at the click of a button. For more details and queries, get in touch with our experts on www.askhpm.com today!

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