Medicare Savings Programs
The Medicare Savings Program (MSP) is a state-administered federal program that helps people with limited income and resources pay for Medicare costs. There are three benefit tiers.
QMBQualified Medicare Beneficiary (QMB)
The most comprehensive tier. Covers Part B premium, Part A premium, all deductibles, coinsurance, and copays. QMB also auto-qualifies you for Extra Help with prescription costs.
Estimated savings: Up to $6,975/yr →
SLMBSpecified Low-Income Medicare Beneficiary (SLMB)
Covers your Medicare Part B premium ($202.90/month in 2026). Works with both Original Medicare and Medicare Advantage plans.
Estimated savings: $2,435/yr →
QIQualifying Individual (QI)
Covers the Part B premium. This program has a limited annual budget — slots reset every January 1, so apply early in the year.
Estimated savings: $2,435/yr →
Continue based on your goal
Apply for an MSP →Follow the application process from preparation through follow-up.Gather documents →Build a practical checklist before contacting your state.Understand countable income →Learn which income exclusions may change your result.Respond to a denial →Review the decision and understand your appeal options.