Medicare Savings Program - Specified Low-Income Medicare Beneficiary (SLMB) Program
Medicare Savings Programs (MSP) help people with limited income and resources pay for some or all of their Medicare premiums and may also pay their Medicare deductibles and co-insurance. There are four different types of Medicare Savings Programs, this page focuses on the Specified Low-Income Medicare Beneficiary (SLMB) Program.
If you have income from working, you may qualify for benefits even if your income is higher than the limits listed.
- Specified Low-Income Medicare Beneficiary (SLMB)
- Individual monthly income limit: $1,187
- Married couple monthly income limit: $1,593
The resource limits is $8,660 for one person and $13,750 for a married couple.
Countable resources include:
- Money in a checking or savings account
- Money in an IRA, annuity or trust
Countable resources don't include:
- Your home
- One car
- Burial plot
- Up to $1,500 for burial expenses if you have put that money aside
- Other household and personal items
Benefits and Services
- Specified Low-Income Medicare Beneficiary (SLMB) Program pays for your:
- Part B premiums only
You are still responsible for your Medicare deductibles and co-insurance.
How To Apply
- First, you must be eligible for or receiving Medicare.
- Second, contact your county of residence's Department of Human Services to apply.
Where Do I Get These Services?
- You can visit doctors who accept Medicare
- These programs do not provide Medicaid benefits; this means that even if a doctor accepts Medicaid and provides you medical services, Medicaid will not pay for any claims.
Program Contact: Sharon.Brydon@state.co.us, 303-866-5402