For eligible individuals, Medicare Savings Programs help reduce your out-of-pocket Medicare costs by paying for your Part B premiums and your cost-sharing.
The three programs are available to low-income individuals and families. The programs are commonly called by their initials: QMB, SLMB and QI-1.
In 2018, QMB is available for individuals with income up to $1,012 per month or for couples with household income up to $1,372 per month. QMB pays 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
SLMB and QI-1 pay for Part B premiums only. They do not cover other costs. For 2018, the income limit for SLMB is $1,214 per month for an individual and $1,646 for a couple. The income limit for QI-1 is $1,366 for an individual and $1,852 for a couple.
You cannot have Q1-1 and Medicaid at the same time.
There is no resource limit for the Medicare Savings Programs.
How to Apply
Call Green Mountain Care at 1-800-250-8427 to ask for an application. You can also find an application online.