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Discussion About Enrolling in Medicare When You Are Still Working
How to Prepare Before You Begin Shopping for Health Insurance
What Happens When You are a High Income Beneficiary
A Breakdown of Medicaid Income Limits and Benefit
For Some People a More Cost Effective Plan Than Medigap
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Oklahoma (and most other states) have a program called the "Medicare Savings Plan" or "Medicare Buy In" that assists low income beneficiaries with some or all of their out-of-pocket expenses.
Income: Social Security benefits, pensions, employment wages
Assets: Real estate*, checking, savings, stocks, bonds, mutual funds
*NOT COUNTED AS ASSETS
Your residential home, land and household items, burial plot, burial funds or life insurance up to $1,500
NOTE; THE FOLLOWING GUIDELINES ARE FOR OKLAHOMA ONLY.
Single Married
Income $1,325/mo Income $1,783/mo
Assets $9,660 Assets $14,470
If you qualify for QMB Medicaid will pay your Medicare premiums and your out-of-pocket expenses for Medicare covered services. It also qualifies you for LIS. (see below)
Single Married
Income $1,585/mo Income $2,135/mo
Assets $9,660 Assets 14,470
If you qualify for SLMB Medicaid will pay your Part B Medicare premium. It also qualifies you for LIS. (see below)
Single Married
Income $1,781/mo Income $2,400
Assets $9,660 Assets $14.470
If you qualify as a QI Medicaid will pay your Medicare Part B premium. You will also qualify for LIS. (see below)
Single Married
Income $1,976/mo Income $2,664
Assets $17,600 Assets $ 35,130
Prescription assistance only. If you qualify for LIS Medicaid will pay your Part D premium and your prescription copays will be limited to $4.90 per generic prescription and $12.15 per brand prescription.
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