Question
Hello Mr. Pedit, I was wondering if any of these Medicare Savings Programs ever change their income limits from year to year? I am on the borderline in qualifying and am slightly concerned that any future increased COLA adjustments could knock me over. Thanks for any information that you can provide. Leo
Answer
Hi Leo
Good question. They are tied to the same cost of living index. So when COLA goes up, so does the Medicare Savings Program figures go up. However ALMB, while having the same income limit as SLMB, may not last the whole year, A certain amount of money is set aside for it, and when that is used up, it is over until new money is voted in by Congress.
Go to Benefits.com and see if you are eligible for any other programs.
John
