Best Financial Advisors in Apple Valley, CA

What are Medicare Savings Programs? What are Medicare Savings Programs? Your state may be able to help you pay your Medicare premiums. Medicare Savings Programs may also pay Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance). If you meet certain conditions, you may not have to pay deductibles, coinsurance, or copayments. There are four kinds of 4 kinds of Medicare Savings Programs. - Qualified Medicare Beneficiary (QMB) Program - Specified Low-Income Medicare Beneficiary (SLMB) Program - Qualifying Individual (QI) Program - Qualified Disabled and Working Individuals (QDWI) Program Even if your income exceeds the income limits for these 4 programs, you may qualify for these programs if you have income from work. What items are included in the Medicare Savings Program resource limits? Countable resources include: - Money in a checking or savings account - Stocks - Bonds Countable resources don't include: - Your 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 To apply call your State Medicaid Program to see if you qualify for a Medicare Savings Program in your state. Let the experts at Apple Valley Medicare & Financial Services help you understand the many parts of Medicare and determine the right fit for you. Give us a call to discuss the options available to you.