To learn more about the Medicare Savings program in Arkansas, contact Treat Insurance Agency, Inc. We are here to provide customer care any time you contact us. Give us a call today!
What is the Medicare Savings Program in Arkansas, and how can it help save you money on health care costs each year?
The Medicare Savings Program in Arkansasis a state and federal partnership that helps eligible low-income Medicare beneficiaries pay for some of their out-of-pocket Medicare costs. The program pays for Medicare Part A (Hospital Insurance) as well as Medicare Part B (Medical Insurance) premiums, as well as other cost-sharing expenses such as deductibles, coinsurance, and copayments.
To be eligible for the Medicare Savings Program, you must meet income and resource requirements. For example, your yearly income must be at or remain below a certain level in order to qualify. To learn more about the specific income and resource requirements in Arkansas, contact Treat Insurance Agency, Inc. We can help you determine if you are eligible for the program and, if so, how to apply.
How do you qualify for the program, and what are the income requirements?
To qualify for the Medicare Savings Program in Arkansas, you must be a resident of AR state and have been enrolled in Medicare Part A and/or Part B for at least one month. Additionally, you must meet certain income requirements. For example, your yearly income must be at or below a certain level in order to qualify.
What are the different types of Medicare Savings Programs?
There are four different types of Medicare Savings Programs:
Qualified Individual (QI) program – helps pay for Part B premiums only
Specified Low-Income Medicare Beneficiary (SLMB) program – helps pay for Part B premiums only
Qualifying Individual (QI) program – helps pay for Part B premiums and also covers some of the cost-sharing expenses such as deductibles, coinsurance, and copayments
Qualified Disabled and Working Individuals (QDWI) program – helps pay for Part A premiums for those who have lost their health insurance coverage through their job.
What are additional benefits of the Medicare Savings Program?
In addition to helping you pay for your Medicare premiums and cost-sharing expenses, the Medicare Savings Program also offers some other benefits. For example, if you qualify for the QI program, you may also be eligible for extra help with your prescription drug costs. This extra help is called the Low-Income Subsidy (LIS), and it can help you pay for some or all of your prescription drug costs.
What types of medical expenses are covered by the Medicare Savings Program in Arkansas?
The Medicare Savings Program can help you pay for a variety of different medical expenses, including:
- Hospital costs
- Doctor’s visits
- Prescription drugs
- Ambulance services
- Mental health services
- Durable medical equipment (DME)
- Physical therapy
- Occupational therapy
- Speech-language pathology services
- Audiology services
What is the process for me to apply for the Medicare Savings Program in Arkansas?
The process for applying for the Medicare Savings Program in Arkansas is relatively simple. First, you will need to gather personal information about your income and assets. This information will be used to determine whether you are eligible for the program. Once you have all of the necessary information, you can either apply online or print out an application and mail it to the Arkansas Department of Human Services.
If you have any questions about the Medicare Savings Program in Arkansas or need help with the application process, contact Treat Insurance Agency, Inc.