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Medicare Nation

How much would you pay out-of-pocket for a five day hospital stay on Medicare? The majority of people have no idea! The problem with Medicare is there is too much information. An overwhelming amount of information and not enough resources. Medicare Nation solves that problem by educating you on all things Medicare, because there are not enough resources out there! This podcast will educate you about the components of Medicare, the different categories of Medicare Plans and Medicare benefits. On other episodes I’ll interview expert guests in the health and wellness field, about diseases, Medicare issues and current changes to the Medicare program. Medicare Nation is dedicated to answering all your questions about Medicare. Expert information and insights regarding Medicare and you! Further information can be found on www.TheMedicareNation.com Don't Forget to SUBSCRIBE to the show! Give us feedback on Facebook! www.facebook.com/MedicareNation
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Now displaying: Page 1
May 6, 2016

Today’s topic is the Medicare Savings Program. It can help you pay part of your Medicare premiums. It’s based on certain criteria of your income and resources.

 

2016 Medicare Savings Programs:

 

Resources include stock, bonds, 401K, IRA.

 

It does not include your home, 1 vehicle and other personal items.

 

 

4 Levels of Coverage:

 

QDWI Plan: (Qualified, Disabled, and Working Individual)

Monthly income limit - $4045 (Married $5425) 

Resource limit - $4000 (Married $6000)

 

 

 

QI Plan: (Qualifying Individual)

 

Monthly income limit: $1357 (Married $1823)

Resource limit: $7280 (Married $10,930)

Pays Part B Premium - $104.90

New to Medicare - $121.80

 

 

Specified Low Income Medicare Beneficiary Program (SLIM-B)

 

Monthly income limit: $1208 (Married $1622)

Resource limit: $7280 (Married $10,930)

Pays Part B Premium - $104.90

New to Medicare - $121.80

 

 

Qualified Medicare beneficiary (QMB)

 

Pays Part A, Part B Premium, Deductibles, Co-pays

Monthly income limit: $1010 (Married $1355)

Resources limit: $7280 (Married $10,930)

 

 

How to Apply:

 

  1. Go online to www.ssa.gov. Click “Benefits”, then “Extra Help for RX Drugs”, look on right side for “Application”.
  2. Go to the Social Security office (find locations on ssa.gov) to apply
  3. Go through your state Medicaid Program - Google “medicare” and your state

 

It may take 4-6 weeks for them to send you an acceptance/rejection letter.

 You have to re-qualify annually.

 

Questions? 

 

Call SSA at 800-772-1212

Email me: support@themedicarenation.com

Call me: 855-855-7266

 

Do you have questions or feedback? I’d love to hear it!

I may answer one of your questions on the air!

email me:

support@themedicarenation.com

Thank you for listening! If you enjoyed this podcast, please subscribe and leave a 5 star rating and review in iTunes! (Click here)    

Find out more information about Medicare on Diane Daniel’s website!

www.CallSamm.com

 

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