The Qualifying Individual (QI) Program represents one of the quartet of Medicare Savings Programs devised to provide financial aid for your Medicare premiums. This particular scheme takes care of paying a segment of the premiums for Part B.
Whom does the Qualifying Individual (QI) Program Cater to?
Those who are beneficiaries of Medicaid are ineligible for the QI program.
To be considered suitable for the QI program, your fiscal parameters need to align with the following criteria, which are outlined on the webpage for Medicare Savings Programs:
– Cap on individual monthly income at $1,426
– Limit on married couple monthly income at $1,923
– Maximum individual resource threshold at $7,730
– Boundary for married couple resource accumulation at $11,600
The numbers indicated pertain to the income ceilings set for the year 2022. To ascertain the most recent eligibility figures, reviewing the Medicare Savings Programs information is recommended.
Steps to Enroll in the Qualifying Individual (QI) Program
Engage with your state’s Medicaid office to enroll.
Remember that to sustain your QI advantages, an annual application is mandatory. Acceptance of QI program applications adheres to a ‘first-come, first-served’ methodology, where those who were beneficiaries the preceding year receive precedence.
