The Medicare Savings Program 2025

Did you know that there’s a special program that can help pay for your Medicare costs? It’s called the Medicare Savings Program or MSP, and it’s here to help people who need a little extra support with their healthcare bills. If you or someone you know is on Medicare and has a low income, this program could help save hundreds or even thousands of dollars a year!

We will tell you everything you need to know about the Medicare Savings Program for 2025 in this post. Let us do it one step at a time.

What Is the Medicare Savings Program?

The Medicare Savings Program is a group of programs run by each state that helps people with Medicare pay for things like:

• Monthly premiums (the amount you pay each month to have Medicare)
• Deductibles (the amount you pay before Medicare helps)
• Coinsurance and copayments (the money you pay when you get medical care)

It’s kind of like Medicaid for people on Medicare. If you qualify, the state will help pay for the parts of Medicare that cost you money. That means you get to keep more of your money for things like groceries, rent, and other needs.

Why Is This Program Important?

Aged people and disabled people often live on a set income. They might not be able to afford to go to the doctor, buy medicine, or stay in the hospital. That is why the Medicare Savings Program is so useful: it lets you get the care you need without having to worry about big bills.

Who Can Get Help?

To get help from the Medicare Savings Program, you need to:

• Have Medicare (usually both Part A and Part B)
• Have a limited income (not make too much money each month)
• Have limited resources (not have too many savings or valuable items)

Each state has its own rules, but here’s a look at the general income and savings limits for 2025:

For a single person, the monthly income limit to qualify for a Medicare Savings Program in 2025 is approximately $1,325 to $1,781, and the resource (or savings) limit is $9,660.

For a married couple, the monthly limit is approximately $1,783 to $2,400, and the resource limit is $14,470.

Good to know: Check with your local office first, because some states may let you have a higher income and more savings. You might still be able to get the loan!

What are the 4 Types of Medicare Savings Programs?

Let’s talk about the four different programs under the Medicare Savings Program. Each one helps in different ways:

1. QMB – Qualified Medicare Beneficiary

Pays everything Medicare doesn’t, including:

• Part A & B premiums
• Deductibles
• Coinsurance
• Copayments

Services covered by Medicare do not cost you anything out of pocket. Income must be below $1,325/month (single) or $1,783/month (married). This is the most helpful program!

2. SLMB – Specified Low-Income Medicare Beneficiary

• Helps pay your Part B premium (about $185/month in 2025).
• Doesn’t cover co-pays or deductibles.
• Income must be below $1,585/month (single) or $2,135/month (married).

3. QI – Qualifying Individual

• Also helps pay the Part B premium.
• Must reapply every year.
• First-come, first-served (those who had it last year get priority).
• Income must be below $1,781/month (single) or $2,400/month (married).

4. QDWI – Qualified Disabled & Working Individual

• Only people under 65 with a disability who went back to work.
• Pays the Part A premium only.
• Income limit is $5,302/month (single) or $7,135/month (married).
• Resources must be under $4,000 (single) or $6,000 (married).

What Happens If You Qualify?

If you qualify for any of these programs:

Your state will help pay some or all of your Medicare bills. If you get extra help with your meds, the cost of your medicine will not go over $12.15 for each covered drug in 2025.

You may also qualify for Special Needs Plans (SNPs) — special Medicare Advantage plans with extra perks like:

• Bigger dental and vision benefits.
• Free transportation to medical visits.
• Larger grocery cards or food allowances.

Important: These special plans are not automatic. You must talk to a Medicare expert or broker to find and enroll in one.

How Do You Apply?

To sign up for a Medicare Savings Program:

• Contact your local state assistance office (In Ohio, for example, it’s called the Job and Family Services Office)
• Ask for a Medicare Savings Program application
• Turn in proof of your income and savings (like bank statements, Social Security statements, etc.)
• Even if you’re not sure you qualify, it’s still a good idea to apply!

Suppose you need help understanding the application process or gathering the right documents. In that case, LMS Insurance Company can guide you every step of the way. Their licensed agents are experienced with Medicare programs. They can help you connect with the right state resources quickly and confidently.

Why You Shouldn’t Wait

Each year, more people are getting help through the Medicare Savings Program. But many still don’t know they qualify. Don’t miss out on this important support just because you think you won’t qualify. It could save you thousands of dollars each year.

Final Thoughts:

The Medicare Savings Program is here to help. A lot of people can get help if they are on a fixed income or having trouble paying their Medicare bills. This is true even if they did not qualify before.

At LMS Insurance Group, we help people just like you every day. We know the ins and outs of Medicare and can help you:

• Apply for the Medicare Savings Program.
• Find out which level of help you qualify for.
• Explore Special Needs Plans with extra benefits.
• Make Medicare simple and stress-free!

Call us today or visit our website to speak with a friendly local agent who understands your needs. Let LMS Insurance Group help you save money and get the coverage you deserve in 2025!