The MassHealth Medicare Savings Program is a government-funded program that helps low-income seniors and people with disabilities pay for their Medicare premiums, copays, and other expenses.
It's available to individuals who have limited income and resources, with income limits ranging from $1,063 to $1,469 per month, depending on the individual's circumstances.
To be eligible, applicants must also have Medicare Part A, which is the hospital insurance portion of Medicare.
If approved, the program can help cover costs such as Medicare Part B premiums, Medicare Part D copays, and other expenses related to Medicare.
For another approach, see: Medicare Part a and Health Savings Accounts
Eligibility and Qualification
The Massachusetts Medicare Savings Program (MSP) has expanded eligibility guidelines by 60% in 2023, making it easier for more people to qualify.
To qualify, your income and assets must be at or below the amounts listed here:
If you're a single person, you can earn up to $2,734 per month and still qualify, while married couples can earn up to $3,698 per month.
The state also counts work income differently for people over 65, exempting the first $65 per month and then counting 50% of the remainder.
Discover more: Do Health Savings Accounts Earn Interest
Frequently Asked Questions
What are the three types of Medicare savings programs?
Medicare offers three main types of Medicare Savings Programs: Qualified Medicare Beneficiary (QMB), Specified Low-Income Medicare Beneficiary (SLMB), and Qualified Individual (QI). These programs help individuals with low income and assets cover Medicare costs.
Can you be on Medicare and MassHealth at the same time?
Yes, you can be on both Medicare and MassHealth at the same time, but you'll need to enroll in a special program like One Care or Senior Care Options to access comprehensive benefits. These programs combine Medicare and MassHealth coverage into one convenient plan.
How much money can you have in the bank and still get MassHealth?
To be eligible for MassHealth, your bank account must not exceed $2,000 for individuals or $3,000 for couples. If you have more than these limits, you may still qualify for MassHealth, but your assets will be considered in the application process.
Who qualifies for extra help Medicare Part B?
You qualify for Extra Help with Medicare Part B if you have Medicare and Medicaid, are in a Medicare Savings Program, or receive Supplemental Security Income (SSI) benefits. Check your eligibility and learn more about Extra Help benefits.
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