Fixed Income? Don’t Pass on Medicare Savings Programs

Medicare Savings Programs offer extra help for people with Medicare who have limited income and resources below a certain limit. Not everyone needs it, but your table would be incomplete without it.

Medicare Savings Programs offer extra help for people with Medicare who have limited income and resources below a certain limit. You apply for these programs through your state, who then determine which program(s) you qualify for. Even if you don’t think you qualify, you should still apply. If you qualify, these programs could cover Medicare premiums and costs like health care deductibles, coinsurance, and copays.