Medicare Savings Program CT 2023
If you are either a Medicare beneficiary, eligible to receive Medicare or a Medicare agent who offers plans in CT, you need to understand the Medicare Savings Program CT 2023. This can be a very useful tool for some clients who have a lower income.
The amount of extra help you receive depends on your gross income level. Single people will use their gross income to determine eligibility and level of help. Married couples’ eligibility depends on their combined gross income. The monthly income limits in the chart below are effective as of March 1, 2022.
If your income falls either at or below the income levels listed below, If you are not sure if you are eligible to receive extra help; we have listed the income levels below:
There are 3 different levels of MSP:
The level of help you receive is based on your gross income. Please see below for MSP levels and what they provide:
QMB – this level of extra help pays your Part B premium, all Medicare deductibles and co-insurance.
Income levels for QMB are as follows: Individual, $2,390 of gross income per month, couples, $3,220 per month.
SLMB – this level pays your Part B premium only.
The income levels for SLMB are as follows: Individual, $2,617 of gross income per month, couples, $3,525 per month.
ALMB – this level will provide payment of your Part B premium and is subject to availability of program funds. If you receive Medicaid, you cannot participate in this program.
Income levels for ALMB are as follows: Individual, $2,786 gross income per month and couples, $3,754 per month.
To apply online, please visit www.connect.ct.gov, under ‘Apply for Benefits.’
If you receive any of these levels of MSP coverage, you are automatically enrolled in the Low Income Subsidy (LIS), also called “Extra Help” with Medicare. Once you are enrolled in LIS, Medicare pays the full cost of your Medicare (Part D) prescription drug coverage i fit is a benchmark plan. Medicare will pay a portion of anon-benchmark plan. They will also provide payment of your annual Part D deductibles, co-insurance or co-pays. This does not change if you hi the coverage gap (donut hole).
Once you have LIS, you have a special enrollment period to change either Part D or Medicare Advantage plan.
If you need more information about the LIS, please visit www.socialsecurity.gov or call 1-800-Medicare (TTY: 1-800-325-0778).