Medicare Savings Program (MSP)

Here’s some news worth smiling about: you may qualify for extra help paying Medicare costs — and it could come with bonus benefits. If you have Medicare and meet the income guidelines for the Medicare Savings Program (MSP), you might not only get help with your premiums, but you could also unlock other savings and even qualify for a special type of Medicare Advantage Plan.

What is the Medicare Savings Program?

The Medicare Savings Program (MSP) is a Medicaid-administered program that helps people with limited income pay for their Medicare costs. Depending on your income, the MSP may also pay for deductibles and coinsurance.  When you enroll in an MSP, you automatically get Extra Help, a federal program that covers most of your Medicare prescription drug (Part D) plan costs.

And unlike Medicaid, there’s no resource test for the MSP. That means you can have savings or other assets and still qualify.

Two Main Benefit Levels in New York

• Qualified Medicare Beneficiary (QMB):

  • Pays the Medicare Part A premium (for those who don’t qualify for it free)

  • Pays the Part B premium

  • Covers deductibles and coinsurance

  • If you have QMB, Medicare providers can’t bill you for Medicare cost-sharing 

• Qualifying Individual (QI):

  • Pays your Part B premium

If you qualify for certain MSP levels, then “Golley!”, you may also be eligible for a Dual-Eligible Medicare Advantage Plan (D-SNP), which can add even more benefits like:

• Monthly allowances for over-the-counter items

• Grocery cards for healthy food

• Help with utilities

• Dental, vision, and hearing coverage

 One Important Thing to Remember - Some of these D-SNPs are HMOs, so they only cover in-network doctors. Always check that your providers are in the plan’s network before enrolling — or let us do the checking for you.

Let’s See If You Qualify

At ABC Medicare Plans Broker, we can:

• See if you meet the income limits for MSP

• Help you apply for the program

• Show you which Dual-Eligible Plans in Suffolk and Nassau Counties might work for you

📞 Call 631-337-3625 and let’s see what’s possible.

Surprise Medicare Dual Coverage