What Is The What Is The Specified Low Income Medicare Beneficiary Program?
A description of who is eligible for the Specified Low Income Medicare Beneficiary Program and what benefits this entails.
The Specified Low Income Medicare Beneficiary Program provides extra support for low income individuals who have less than adequate access to health care and other appropriate medical treatment.
What is the Specified Low Income Medicare Beneficiary Program?
The Specified Low Income Medicare Beneficiary Program (SLMB) pays for the Medicare Part B premiums of individuals who are eligible for this service. Medicare Part B extends the coverage of Part A (hospital coverage) to cover doctor’s visits and other non-emergency medical treatment.
Who is eligible for SLMB?
People must be already eligible for the hospital insurance available through Medicare Part A, have a net income that does not exceed 135% of the federal poverty level ($14,620.50 for a single person annually), and they do not have resources that are valued at greater than $4,000.
What does resources mean when considering one’s eligibility for SLMB?
When considering your eligibility for the Specified Low Income Medicare Beneficiary Program, resources includes cash, bank accounts, stocks, and bonds. It does not include property including your first home, primary mode of transportation, or household belongings.
Is there a minimum financial income to be eligible for the Specified Low Income Medicare Beneficiary Program?
Yes. When applying for SLMB, you must make sure that your income falls between 100 and 120 percent of the federal poverty level to qualify for this payment of your Medicare Part B premiums.
What proof will I be asked for when applying for SLMB?
You will be asked for a birth certificate, federal ID, Social Security Number, Medicare information, proof of income, and proof of any other assets, including vehicle registration, burial plans, stocks, bonds, life insurance policies, and other forms of health insurance.
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