Medicare Savings Program and Federal Poverty Guideline

Federal poverty level (FPL) guidelines for 2012 were published in the Federal Register on January 26, 2012. The guidelines lay the basis for eligibility levels for many public benefits, comprising of health benefits for older people and people with disabilities. Issues like income to be included, deductions from income, and parts of a family unit are addressed by the specific program dependent on the poverty guidelines.

The Medicare savings program is one of the health programs that depend on Federal Poverty Guidelines. This has been divided into three categories.

Qualified Medicare Beneficiaries:  States are expected to all Medicare cost-sharing for Medicare Insurance beneficiaries with incomes up to 100% FPL and limited resources.  For this category, the 2012 level is $930.83/month or $11,170/year for an individual; $1,260.83/month that is $15,130/year or a couple.

Specified Low-Income Medicare Beneficiaries: States are supposed to pay the Medicare Part B premium for Medicare beneficiaries with incomes ranging between 100% FPL and 120% FPL and limited resources. The perimeter for this group is $1,117 /month that is $13,404/year for an individual; $1,513/month that is $18,156/year) for a couple.

Qualified Individual: States have a restricted amount of money from which they are supposed to pay, on a first come, first served basis, the Medicare Part B premium for Medicare beneficiaries with incomes between 120% FPL and 135% FPL and limited resources.  The perimeter for this group is $1,256.63/month that is $15,079.50/year for an individual; $1,702.13/month that is $20,425.50/year for a couple.

For more information please visit us @ www.medigap4seniors.com, or call us at 888-502-5553 to speak with one of our Medicare experts.

Posted in Uncategorized | Tagged , , , , , , , , , | Leave a comment

Leave a Reply