Medicare Savings Plans (MSP) or Buy In Programs are three programs that help pay the premiums for Medicare Part B. One MSP also covers other Medicare cost-sharing. The three programs are QMB, SLMB and QI-1.
QMB, SLMB and QI-1
In 2017, QMB is available for individuals with income up to $1,005 per month or for couples with income up to $1,354 per month. QMB can pay the Social Security Administration for your monthly Medicare Part A and Part B premiums. QMB also covers deductibles, copayments and coinsurance for Medicare Parts A and B.
SLMB and QI-1 can pay Part B premiums. They do not cover cost-sharing. For 2017, the income limit for SLMB is $1,206 per month for an individual and $1,624 for a couple. The income limit for QI-1 is $1,357 for an individual and $1,827 for a couple.
There is no asset test or resource limit for the MSPs.
How to Apply
If you already have Green Mountain Care insurance, you can call member services at 1-800-250-8427 to be screened for the Medicare Savings Programs. Or, you can apply for an MSP through Green Mountain Care.