Medicare QMB Savings: How To Cut Your Expenses In Half

Medicare And Medicaid Savings For Qualified Beneficiaries (QMB) If you are entitled to receive Medicare and have a low income, your State may pay some or all of your Medicare QMB savings expenses. State Medicaid programs pay Medicare costs for certain elderly and disabled persons with low incomes and very limited assets. What this means is that, depending on your income and the value of things you own, you will not have to pay some or all of your out-of-pocket expenses for hospital, physician, and other services covered by Medicare. You could save hundreds if not thousands of dollars each year. Several Programs Offer Medicare Help There are several programs to help people pay their Medicare expenses: The Qualified Medicare Beneficiary or QMB program The Specified Low-income Medicare Beneficiary or SLMB program The Qualifying Individual or QI program. The QMB program is for persons with limited resources whose incomes are…

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