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 SLMB.
Specified Low-Income Medicare Beneficiary
Benefit: Medicaid benefit; pays Medicare Part B premiums
Asset Limit: $7,730 single; $11,600 couple
Income Limit: 120% of FPG ($1,269 single; $1,711 couple)