“THINKING ABOUT RETIRING”
MASS staff will be at Robert W. Rowe Library in Sheridan on Tuesday, June 20, 2017 at 6:30 PM to present an informational program for Pre-Medicare beneficiaries who may be thinking about or getting near retirement. Medicare, Medicare Supplemental Insurance, Med D Prescription plans, and Low Income Subsidies are a few of the topics that will be discussed. This will be an informal discussion and questions are welcome. Light refreshments will be served. Please plan to join us. Call the MASS office for more information.
ATTENTION MEDICARE BENEFICIARIES
Extra Help: If you meet certain income and resource limits, you may qualify for Extra Help from Medicare to pay the costs of Medicare prescription drug coverage. Drug costs in 2016 for most people who qualify will be no more than $2.95 for each generic/$7.40 for each brand-name for covered drugs. Other people pay only a portion of their Medicare drug plan premiums and deductibles based on their income level.
Single-Income $17,655/Assets 13,640 Married-Income $23,895/Assets $27,250
Medicare Savings Programs: Medicare Savings Programs can help pay for Medicare premiums and in some cases, may also pay deductibles, coinsurance, and copayments. There are three Medicare Savings Programs. The Qualified Medical Beneficiary program (QMB) which pays for Part A premiums, Part B premiums, and deductibles, coinsurances, and copayments, Specified Low Income Medicare Beneficiary program (SLMB) which pays for Part B premiums, Qualified Individual program (QI) which pays for Part B premiums.
QMB - Single $1,015 / Married $1,360 All Medicare Savings Programs
SLMB - Single $1,212 / Married $1,626 have an asset limit of:
QI - Single $1,361 / Married $1,826 Single $7,280 / Married $10,930
What items are included in the Medicare Savings Program resource limits?
Countable resources include:
Money in a checking or savings account Stocks Bonds
Countable resources don’t include:
Your home One car Burial plot Up to $1,500 for burial expenses if you have put that money aside Furniture Other household and personal items
Medicare Preventative Services: As a result of the Affordable Care Act, started on January 1, 2011, individuals in Original Medicare qualify for many preventive services for free or at a lower cost. This means the yearly Part B deductible and/or 20% co-insurance will be waived if the doctor accepts assignment. Please call the MASS office for more information on Preventative Services.