The Medicare Savings Programs consist of three programs that will at a minimum pay the monthly Medicare Part B premium for eligible seniors; it will also pay the higher premium for other reasons such as late enrollment. For those with lower incomes, coverage may also include Medicare Part A and B deductibles, co-payments and co-insurance. Individuals are also automatically enrolled in the Medicare Part D Extra Help (also known as the Low Income Subsidy) which provides assistance with prescription costs. More information is available on Extra Help, including required support documentation.
Listed below are the programs. If you qualify for any of the programs, you can apply by completing the Colorado Medicaid application and checking the box for ‘Medicare Savings Program’.
| Qualified Medicare Benefit (QMB) | Special Low Income Medicare Beneficiary (SLIMB) | Qualifying Individual (QI-1) | |
| Income | $1350/mo/individual 1824/mo/couple |
$1616mo/individual $2184/mo/couple |
$1816/mo/individual $2455/mo/couple |
| Assets | $12,660/individual $20,470/couple |
$12,660/individual $20,470/couple |
$12,660/individual $20,470/couple |
Qualified Medicare Benefit (QMB)
Medicaid will pay the Medicare Part B premium of $203/mo, Medicare Part A deductible ($1736/mo), the Medicare Part B deductible ($283 for 2026), the 20% co-payments for physician visits and the Medicare Part B premium.
To apply for benefits complete the Colorado Medicaid PEAK application or download a paper application (English) or (Spanish)
The paper application should be submitted to the local county department of human services. The applicant will be enrolled in Medicare Extra Help (though may have to provide verification documentation to the social security administration ).
The department has 45 days to process the application from receipt though retroactive benefits may be awarded in some special cases. The applicant may receive a Medicaid card after approval and will be enrolled in Medicare Extra Help (though you will have to provide verification documentation separately).
If you require assistance with completing an application, have questions about eligibility or would like counseling on whether to apply for the program, contact us at 303-333-3482.
Special Low-income Medicare Benefit (SLIM-B)
You are also eligible to receive the Low Income Assistance (LIS) or Extra Help for Medicare Part D prescription drug assistance including premiums, deductibles and co-payments. Apply at www.ssa.gov/medicare/part-d-extra-help.
Medicaid will pay the Medicare Part B premium of $203/mo. Applicants will not receive a Medicaid card or services through Medicaid.
To apply for benefits complete the Colorado Medicaid PEAK application or download a paper application (English) or (Spanish). The paper application should be submitted to the local county department of human services. The applicant will be enrolled in Medicare Extra Help though may have to provide verification documentation to the social security administration ).
The department has 45 days to process the application from receipt though retroactive benefits may be awarded in some special cases.
If you require assistance with completing an application, have questions about eligibility or would like counseling on whether to apply for the program, contact us at 303-333-3482.
You are also eligible to receive the Low Income Assistance (LIS) or Extra Help for Medicare Part D prescription drug assistance including premiums, deductibles and co-payments. Apply at www.ssa.gov/medicare/part-d-extra-help.
Qualifying Individual 1 (QI-1)
Medicaid will pay the Medicare Part B premium of $203/mo. Applicants will not receive a Medicaid card or services through Medicaid.
To apply for benefits complete the Colorado Medicaid PEAK application or download a paper application (English) or (Spanish). The paper application should be submitted to the local county department of human services. The applicant will be enrolled in Medicare Extra Help (though may have to provide verification documentation to the social security administration ).
The department has 45 days to process the application from receipt though retroactive benefits may be awarded in some special cases.
If you require assistance with completing an application, have questions about eligibility or would like counseling on whether to apply for the program, contact us at 303-333-3482.
If you are not eligible for MSP you may still be eligible to receive the Low Income Subsidy (LIS) or Extra Help for Medicare Part D prescription drug assistance including premiums, deductibles and co-payments. Check this link for accuracy at www.ssa.gov/medicare/part-d-extra-help.
If you require assistance with completing an application, have questions about eligibility or would like counseling on whether to apply for the program, contact us at 303-333-3482.