Medicare Savings Program Helps Eligible Seniors Save Money


Education
Montville Town Office
414 Center Road, Montville, ME
Kathryn Kreamer
kkreamer@spectrumgenerations.org
207-338-1190
www.spectrumgenerations.org
Jun 18, 2014
9:00 AM - 4:00 PM

Medicare Savings Program Helps Eligible Seniors Save Money

 

Appointments to apply are available for Montville residents:

 

Montville Town Office, 414 Center Road

 

Wednesday, June 18, 2014

9 am – 4 pm

 

 

Did you know that there’s a State program that can help with your Medicare costs?   Spectrum Generations will be available at the Montville Town Office to help you determine if you qualify for this help.  We will have six individual one-hour appointments available for Montville residents on Wednesday, June 18th, from 9 am – 4 pm. 

 

The Medicare Savings Plan (MSP), also known as the Buy-In, is a good benefit that saves money for Medicare beneficiaries with limited income who qualify.  There are different levels of MSP and each level pays for the Part B premium and prescription costs.  One level also pays some medical costs associated with Medicare Part A and Part B. 

 

Your income (as an individual or as a couple) determines what level of MSP you qualify for.  The Department of Health and Human Services determines eligibility and there are exceptions to the rules, but a ball park income amount for a single person is about $1777 per month (liquid assets less than $50,000) and for a married couple is about $2394 per month (liquid assets less than $75,000).  If only one person in a couple wants or needs help, the income limit may be as high as $2755 per month.

 

Our representative can help you apply for this program online or a paper application.  Please provide your Medicare card, proof of income and a list of your medications or bring your prescription bottles (with specific dosages, etc.). 

 

Montville residents should call Kathryn Kreamer at Spectrum Generations – 338-1190 -- for more information or to register for an appointment.