Oklahoma Medicare+Medicaid Guidelines
What is Medicare+Medicaid?
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 and Assets
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.
Qualified Medicare Beneficiary (QMB)
Single Married
Income $1,350/mo Income $1824/mo
Assets $9,950 Assets $14,910
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)
Specified Low-Income Medicare Beneficiary (SLMB)
Single Married
Income $1,616/mo Income $2,184/mo
Assets $9,950 Assets 14,910
If you qualify for SLMB Medicaid will pay your Part B Medicare premium. It also qualifies you for LIS. (see below)
Qualifying Individual (QI)
Single Married
Income $1816/mo Income $2,444/mo
Assets $9,950 Assets $14.910
If you qualify as a QI Medicaid will pay your Medicare Part B premium. You will also qualify for LIS. (see below)
Low Income Subsidy (LIS) also called "Extra Help"
Single Married
Income $2,015mo Income $2,727
Assets $18,090 Assets $ 36,100
Prescription assistance only. If you qualify for LIS Medicaid will pay your Part D premium and your prescription copays will be limited to $5.10 per generic prescription and $12.65 per brand prescription.