There are many federal government benefit programs available to individuals with disabilities. Programs are often referred to by confusing acronyms (LIHEAP, SNAP, QMB, to name just a few) and some programs are very different but sound similar (for instance, Medicare and Medicaid or SSI and SSDI). Stop in each week for a spotlight on a different benefit program. Today, we take a look at MSP.
Medicare Savings Program
Benefit: Medicaid programs to help low-income Medicare beneficiaries (QMB, SLMB, etc.)
Asset Limit: Yes
Income Limit: Yes
Comments: Must be receiving SSDI, CDB, or 65+. SNT may preserve eligibility if excess assets as with other Medicaid programs