Do I Qualify for the Medicare Savings Program?

To be accepted into the Medicare Savings Program, there are certain resource qualifications that must be met. The resources that are countable when qualifying for the Medicare Savings Program include:

• Money in a checking or savings account

• Stocks

• Bonds

• Monthly Income Ranging Between $1,084 and $1,960

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Countable resources don't include:

• Your primary home

• One car

• Burial plot

• Up to $1,500 for burial expenses if you have put that money aside

• Furniture

• Other household and personal items

Even if you think your resources are too high, you should still apply for the Medicare Savings Program.

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You can find additional information by visiting https://www.medicare.gov/your-medicare-costs/get-help-paying-costs/medicare-savings-programs

Should I Apply for the Medicare Savings Program?

If you can answer "yes" to these three questions, you should apply for the Medicare Savings Program:

1. Do you have, or are you eligible for, Part A?

2. Is your income for 2020 at, or below, the income limits listed for any of the programs above?

3. Do you have limited resources, below the limits above?

How Do I Apply for the Medicare Savings Program?