What are Medicare Savings Programs?

The Qualifying Individual (QI) Program stands as one among the quartet of Medicare Savings Programs designed to aid with the costs of your Medicare premiums. This specific scheme may cover part of the payments for Medicare Part B.

Who qualifies for the Qualifying Individual (QI) Program?

If you are a beneficiary of Medicaid, you are ineligible for QI assistance.
To be eligible for the perks of the QI Program, your income must align with the criteria outlined on the Medicare Savings Programs page:
– Single person monthly income ceiling $1,426
– Couple’s monthly income ceiling $1,923
– Single person asset threshold $7,730
– Couple’s asset threshold $11,600
Please note, these figures represent the limits for the year 2022. For updated income and resource thresholds, check the Medicare Savings Programs page.

What is the procedure to apply for the Qualifying Individual (QI) Program?
To submit an application, reach out to the Medicaid office in your state.
Bear in mind that QI benefits are not automatically renewed; you must reapply annually. Applications are accepted on a first-come, first-served basis, while those who were QI beneficiaries in the prior year are given precedence.

Discover further details regarding Medicare Savings Programs on Medicare.gov here.