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  • Writer's pictureGeorge Kolitsas

Understanding Connecticut's Medicare Savings Program in 2024: A Lifeline for Seniors

Disclaimer: It's important to note that while MSP exists in every state, the eligibility criteria and benefits can vary from state to state. Inquire about this program to your states Department of Social Services.

 

State of Connecticut ConneCT Card
State of Connecticut - Gray ConneCT Card

What is the Medicare Savings Program (MSP)?

MSP in Connecticut serves as a vital resource for individuals seeking financial relief from Medicare expenses. By understanding the eligibility criteria and benefits offered by each level of MSP, individuals can make informed decisions about their healthcare coverage.


Understanding Eligibility

In Connecticut, MSP is based on income only, there is NO asset limit or estate recoupment. MSP offers three distinct levels of assistance, each tailored to different income brackets. Your gross income or combined gross income with your spouse determines which category you qualify for. It's important to note that not all earned income, such as wages, is counted toward eligibility.


The monthly income limits for MSP eligibility are as follows:

Effective March 1, 2024

  • QMB: $2,649 (single) / $3,595 (couple)

  • SLMB: $2,900 (single) / $3,935 (couple)

  • ALMB: $3,088 (single) / $4,191 (couple)


Breakdown of MSP Levels:


  1. QMB (Qualified Medicare Beneficiary):

  • This program covers not only your Medicare Part B premium ($174.70/month in 2024) but also all Medicare deductibles and co-insurance.

  1. SLMB (Specified Low-Income Medicare Beneficiary):

  • This program pays for your Medicare Part B premium only.

  1. ALMB (Additional Low-Income Medicare Beneficiary):

  • This program pays for your Medicare Part B premium only. This program is subject to available program funding.


Additional Benefits of MSP... Low Income Subsidy (LIS)

In addition to covering the Medicare Part B premium, all three levels of MSP automatically enroll you in the Low Income Subsidy (LIS), also known as "Extra Help." LIS assists with prescription drug coverage costs, including deductibles, co-insurance, and co-pays, providing further financial relief for healthcare expenses.


Medicaid vs. Medicare Savings Program


  1. Husky D (Medicaid Expanded Benefits):

  • For those 18-64 without Medicare or minor children. Once you turn 65, you will no longer qualify for Husky D. Plan ahead of time by calling Innovative Senior Benefits for a smooth transition onto MSP.

  1. Husky C (Medicaid):

  • For those 65+, blind or with a disability. Includes Long-Term Care services after spend-down provisions have been met. There is an income and asset limit that applies.

  1. Medicare Savings Program (MSP):

  • For those who qualify for Medicare and who's income fall below the monthly income limit mentioned above. No asset limit.


Medicare Savings Program_Form W-1QMB
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As we move forward into 2024, let's ensure that everyone has access to quality healthcare without facing undue financial hardship. Through programs like MSP, we can work towards a healthier, more equitable future for all. Remember, healthcare should never be a luxury—it's a fundamental right that everyone deserves access to. Call Innovative Senior Benefits to see if you can qualify today!



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