Medicare Savings Programs

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’.

2021 Medicare Savings Program Eligibility Standards

Qualified Medicare Benefit (QMB)Special Low Income Medicare Beneficiary (SLIMB)Qualifying Individual (QI-1)
Income$1094/mo/individual
$1472/mo/couple
$1308/mo/individual
$1762/mo/couple
$1469/mo/individual
$1980/mo/couple
Assets$9470/individual
$14,960/couple
$9470/individual
$14,960/couple
$9470/individual
$14,960/couple

Qualified Medicare Benefit (QMB)

For those individuals whose 2021 monthly income is below $1,094 (up to $1,472 for a couple) and with resources less than $9,470 ($14,960 for a couple), Medicaid will pay the Medicare Part A deductible ($1,782 for 2021), the Medicare Part B deductible ($203 for 2021), 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 social services. The applicant will be enrolled in Medicare Extra Help (though will have to provide verification documentation separately).

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)

For those individuals whose 2021 monthly income is between $1,094 and $1,308 (up to $1,762 for a couple) and with resources less than $9,470 ($14,960 for a couple), Medicaid will pay the Medicare Part B premium (varies between $148.50/mo. Applicants will not receive a Medicaid card or services through Medicaid. The applicant will be enrolled in Medicare Extra Help (though will have to provide verification documentation separately).

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 social services. The applicant will be enrolled in Medicare Extra Help (though will have to provide verification documentation separately).

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.


Qualifying Individual 1 (QI-1)

For those individuals whose 2018 monthly income is between $1,309 and $1,469 (up to $1,980 for a couple) and with resources less than $9,060 ($14,340 for a couple), Medicaid will pay the Medicare Part B premium (varies between $104.90 and $134.00 in 2018). Applicants will not receive a Medicaid card or services through Medicaid. The applicant will be enrolled in Medicare Extra Help (though will have to provide verification documentation separately).

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 social services. The applicant will be enrolled in Medicare Extra Help (though will have to provide verification documentation separately).

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.