Maine Medicare Insurance Plans
Medicare is a federally sponsored health insurance program available to those over the age of 65, as well as to individuals who have certain disabilities. At the state level, however, there exist specific organizations that help beneficiaries better understand the Medicare process, and Medicare recipients may even qualify to receive state subsidies, depending on their circumstances. Consider the following information if you are interested in obtaining Medicare coverage in the state of Maine.
Maine Medicare Savings Programs
If you need help covering the costs of your Maine Medicare plan, you have four Medicare Savings Programs (MSPs) to choose from.
*The following data is from 2016 and is based on federal amounts. These amounts may increase in 2017. If your income and resources are slightly higher, you should still apply, you may qualify for benefits even if your income is higher than the limits listed.
- *Qualified Medicare Beneficiaries (QMBs): Maine pays all Medicare Part B premiums and Part A and Part B deductibles and copayments for individuals with a monthly income under $1,010 and couples with a combined income under $1,355 per month.
- *Specified Low-Income Medicare Beneficiaries (SLMBs): The state pays for Medicare Part B premiums for individuals with a monthly income under $1,208 and couples with a combined monthly income under $1,622.
- *Qualified Individuals (QIs): The state of Maine pays for Medicare Part B premiums for individuals with a monthly income under $1,357 and couples with a combined income under $1,823 a month.
- *Qualified Disabled and Working Individuals (QDWIs): For individuals with a monthly income under $4,045 and couples with monthly income under $5,425 who lost disability benefits due to earnings and are eligible to enroll in Medicare Part A, the state pays the Medicare Part A premium for up to 48 months.
*Additionally, if you find that you need assistance with the cost of your prescription drugs, you can apply for the Low-Income Subsidy, also known as the federal Extra Help program. In 2016 if you are a Maine resident and make less than $17,820 annually or $24,030 combined as part of married income, then you qualify for this assistance. Remember, you can reapply for Extra Help at any time if your income and resources change.
Similar to the Extra Help program, you can qualify for the Maine Rx Plus program, which helps reduce the costs of prescription drugs for those who qualify. If you qualify for this program, you could save up to 15% on brand name drugs and up to 60% on generic drugs.
*Data from medicare.gov
According to ssa.gov, you should be aware that several States may even disregard all resources for individuals or couples in certain categories.
Maine State Health Insurance Assistance Program
Medicare can be a complicated program. Visit medicare.gov for more detailed information. If you want to compare Maine Medicare insurance plans, call Medicare Solutions to speak with a licensed sales agent. They can help you find the Medicare options that best fit your needs and budget.