How To Save On Medicare Costs

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Written by: Benavest

BenaVest is an Insurance Agency dedicated to providing knowledge, services of Insurances like Health, Life, and Retirement. We want dedicate our time to bringing you the best services possible.


July 22, 2021

There are many different financial stresses in life and your health should not be one of them. Here are a few ways you can save money on Medicare.



One way to save money on Medicare is with medicaid. You may qualify for Medicaid if you have limited income and resources. Medicaid helps with medical costs, and offers benefits that are not normally offered by Medicare. Each state has different regulations about eligibility and the application process for Medicaid. So make sure to contact your state’s Medicaid program to make sure you qualify and what steps you need to take.


Medicare savings programs

Medicare has four savings programs that may help mitigate some of the costs of your coverage. 


  • (QMB) Qualified Medicare Beneficiary
  • (SLMB) Specified Low Income Medicare Beneficiary
  • (QI) Qualifying Individual
  • (QDWI) Qualified Disabled and Working Individuals

Call your state’s Medicare program for more information on these services and to see if you qualify.


Extra help

Extra help is a Medicare program that helps people with limited income or resources pay Medicare prescription drug costs, like premiums, deductibles, or coinsurance. Extra help is included along with the four Medicare savings programs and Medicaid automatically. 


For more Medicare information visit BenaVest.com

Source: Medicare.gov 


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