What Is the Medicare Savings Program (MSP)?
The Medicare Savings Program is a state-run initiative designed to help Medicare beneficiaries with limited income and resources pay for their out-of-pocket Medicare costs. This includes premiums, deductibles, coinsurance, and copayments.
Who Is Eligible for the Medicare Savings Program?
To qualify for MSP, you must:
- Be enrolled in or eligible for Medicare Part A.
- Meet income and resource limits set by your state.
- Reside in the state where you’re applying.
Each state administers the program slightly differently, but many follow the federal income and resource guidelines. For example, in many states in 2025:
- An individual can earn up to $1,640/month.
- A married couple can earn up to $2,219/month.
- Resource limits are $9,430 for individuals and $14,130 for couples (not including your home or one car).
What Types of MSP Programs Are Available?
There are four levels of Medicare Savings Programs:
- Qualified Medicare Beneficiary (QMB): Covers Part A and B premiums, deductibles, coinsurance, and copayments.
- Specified Low-Income Medicare Beneficiary (SLMB): Pays for Part B premiums only.
- Qualified Individual (QI): Also helps with Part B premiums, but funding is limited.
- Qualified Disabled and Working Individuals (QDWI): Helps pay Part A premiums for certain disabled individuals who return to work.
How Can I Apply for the Medicare Savings Program?
You can apply directly through your state’s Medicaid office. But to make things even easier, TBF Insurance offers a streamlined experience:
- Instant online quotes for Medicare Supplement and Advantage plans.
- Instant online insurance proposals customized to your needs.
- Instant online binding for many products so you can secure your coverage on the spot.
Why Should I Use TBF Insurance?
At TBF Insurance, we understand that dealing with Medicare can feel overwhelming. Our platform simplifies the process by offering:
- Fast, secure, and reliable tools for quoting and binding coverage.
- A personalized approach to maximize your savings.
- Expert support for navigating complex eligibility requirements.
How Do MSP and TBF Insurance Work Together to Save You Money?
If you qualify for the MSP, you may also be eligible for additional savings on other Medicare-related plans. Through our platform, you can:
- Determine if you qualify for MSP.
- Receive tailored instant online insurance proposals.
- Compare and instantly bind coverage with the best value.
Final Thoughts: Is the Medicare Savings Program Worth It?
Absolutely. If you qualify, the MSP can save you hundreds—or even thousands—of dollars each year. Whether you’re just becoming eligible for Medicare or exploring better coverage options, this program is a vital resource.
Take Action Now
For Instant Health Medicare Insurance Quote:
👉 https://tbfinsure.com/medical-spa/
