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Get help from your state paying your Medicare Part A (Hospital Insurance) and Part B (Medical Insurance) premiums through a Medicare Savings Program. If you qualify, Medicare Savings Programs might also pay your Part A and Part B deductibles, coinsurance, and copayments.
The Medicare Savings Program (MSP) is a Medicaid-administered program that can assist people with limited income in paying for their Medicare premiums. Depending on your income, the MSP may also pay for other cost-sharing expenses.
Medicare Savings Program 2024. The following programs administered by Local Departments of Social Services and the Human Resources Administration in New York City can assist individuals/couples in paying for their Medicare Premiums. Full Medicaid for Dual Eligibles (Individuals eligible for both Medicare and Medicaid)
A Medicare Savings Program can help pay for some of your monthly Medicare Part A (Hospital Insurance) premium, Medicare Part B (Medical I nsurance) premium, or both. These programs may also reduce your deductibles and other out -of-pocket costs.
The Medicare Savings Program, or MSP, is estimated to save Medicare beneficiaries an average of up to $7,000 annually. Free, objective, statewide assistance is also available to help you in the application process through the Health Insurance Information, Counseling and Assistance Program (HIICAP).
Since January 1, 2024, the Inflation Reduction Act is helping more people in the Extra Help program pay a $0 monthly drug plan premium and a $0 yearly deductible for Medicare prescription drug coverage. Visit ssa.gov/medicare/part-d-extra-help to get more information and apply online for Extra Help.
Eligibility for Medicare Savings Programs (MSPs) expanded for New Yorkers in 2023. MSPs pay for your monthly Medicare Part B premium and may provide other cost assistance. If you live in New York and have a limited income, you may be eligible to receive help with your health care costs through an MSP.