Help Paying for Medicare

Author

Kelleher + Holland, LLC

Posted on

May 13, 2021

Book/Edition

Florida - Southwest

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For more information on the author Jo-Anne Herina Jeffreys, Esq. Attorney At Law, CLICK HERE.
Medicare is not free; there are premiums and deductibles. If you don't qualify for Medicaid and can't afford a Medigap policy, you may be able to get help paying for the costs of Medicare.
There are four Medicare assistance programs, called Medicare Savings Plans:

Qualified Medicare Beneficiary (QMB): The QMB program pays for Medicare Part A deductibles, Medicare Part B premiums and deductibles, and coinsurance and deductibles for Part A and Part B.
Specified Low-income Medicare Beneficiary (SLMB): The SLMB program pays for Medicare Part B Premium.
Qualifying Individual (QI-1) Program: The QI-1 program is an expansion of the SLMB program that you must apply for each year. It pays for Medicare's Part B Premium.
Qualified Disabled and Working Individuals (QDWI) Program: The QDWI Program helps pay for Medicare's Part A premium.

To qualify for these programs, you must be eligible for Medicare Part A (even if you are not enrolled) and have limited income and resources. The income and resource requirements can vary from state to state, so check with your state before applying. In general the following limits are applied. Program Income Limits 
QMB


Monthly income must be at or below 100 percent of the poverty level. To find the current poverty guidelines, click here.

SLMB


Monthly income must be between 100 percent and 120 percent of the poverty level. To find the current poverty guidelines, click here.

QI-1


Monthly income must be between 120 percent and 135 percent of the federal poverty level. To find the current poverty guidelines, click here.

QDWI


Monthly income must be below 200 percent of the federal poverty level. To find the current poverty guidelines ,click here.

In 2021, personal assets, including cash, bank accounts, stocks and bonds must not exceed $7,970 for an individual and $11,960 for married couples (For the QDWI program, your assets cannot exceed $4000 for an individual and $6000 for a married couple). Your house and car do not count as personal assets. Some states allow additional resources above these figures; for example, New York has no resource limits for the QI-1 Program.
To apply for one of these programs, contact your state Department of Social Services office or the equivalent agency in your state.

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Kelleher + Holland, LLC

Elder Law 1100 5th Avenue South, Naples, Florida, 34102

Kelleher + Holland, LLC attorneys offer assistance in a wide variety of legal services. With extensive experience, as well as offices in Florida and Illinois, we have the skill and knowledge you need to find answers that are strategically designed to meet the needs of your specific situation. Our Naples practice includes: Estate Planning: We help individuals develop comprehensive estate plans that protect legacies and provide peace of mind.Elder Law: We help families take the necessary steps to ensure their elderly loved ones have the care they need going forward.Medicaid Planning: We help individuals protect their assets and qualify for Medicaid benefits to cover long-term care costs.Special Needs Planning: Our plans are designed to help ensure that your loved ones with disabilities are protected and provided for, while preserving their eligibility for government benefits.Probate: Our team guides families through each step, ensuring a smooth and efficient administration of their loved ones estate.Guardianship: We provide compassionate guidance and tailored legal solutions for the well-being of loved ones. Jo-Anne Herina Jeffreys concentrates her practice in the areas of Elder Law, Estate Planning, and Special Needs Planning and is a Certified Elder Law Attorney through the National Elder Law Foundation. She is an adjunct Professor of Law at Ave Maria School of Law in Naples, Florida, where she teaches Wills, Trusts, and Estates. As a member of the Special Needs Alliance, Jo-Anne is part of a national network of lawyers dedicated to serving families of individuals with disabilities. Among her many accolades, Jo-Anne has been distinguished as a Fellow of the National Academy of Elder Law Attorneys. She is also a frequent lecturer on Elder Law topics at both state and national levels, and is the co-author of Representing the Elderly Client - Law and Practice, Panel Publishers 1999, now Wolters Kluwer.

Kelleher + Holland, LLC

Power of Attorney 1100 5th Avenue South, Naples, Florida, 34102

Kelleher + Holland, LLC attorneys offer assistance in a wide variety of legal services. With extensive experience, as well as offices in Florida and Illinois, we have the skill and knowledge you need to find answers that are strategically designed to meet the needs of your specific situation. Our Naples practice includes: Estate Planning: We help individuals develop comprehensive estate plans that protect legacies and provide peace of mind.Elder Law: We help families take the necessary steps to ensure their elderly loved ones have the care they need going forward.Medicaid Planning: We help individuals protect their assets and qualify for Medicaid benefits to cover long-term care costs.Special Needs Planning: Our plans are designed to help ensure that your loved ones with disabilities are protected and provided for, while preserving their eligibility for government benefits.Probate: Our team guides families through each step, ensuring a smooth and efficient administration of their loved ones estate.Guardianship: We provide compassionate guidance and tailored legal solutions for the well-being of loved ones. Jo-Anne Herina Jeffreys concentrates her practice in the areas of Elder Law, Estate Planning, and Special Needs Planning and is a Certified Elder Law Attorney through the National Elder Law Foundation. She is an adjunct Professor of Law at Ave Maria School of Law in Naples, Florida, where she teaches Wills, Trusts, and Estates. As a member of the Special Needs Alliance, Jo-Anne is part of a national network of lawyers dedicated to serving families of individuals with disabilities. Among her many accolades, Jo-Anne has been distinguished as a Fellow of the National Academy of Elder Law Attorneys. She is also a frequent lecturer on Elder Law topics at both state and national levels, and is the co-author of Representing the Elderly Client - Law and Practice, Panel Publishers 1999, now Wolters Kluwer.

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