Medicare Savings Programs for Beneficiaries in New Jersey
There are programs across the United States, both state-specific & national available to help Medicare beneficiaries on a fixed income and low incomes afford the health insurance coverage they need.
In New Jersey, multiple Medicare Savings Programs are available for beneficiaries who meet the requirements. Two of the main eligibility requirements are the Medicare beneficiary must be a New Jersey resident & they are not financially eligible for the New Jersey Care program under NJ Medicaid.
Here, you can find brief details about each program and how to apply for financial assistance from the NJ Medicare Savings Programs.
Qualified Medicare Beneficiary (QMB)
The Qualified Medicare Beneficiary program helps Medicare beneficiaries pay for Part A Premiums, Part B Premiums, coinsurance, & copayments for services and products covered by Medicare. To be eligible for this savings program, the Medicare beneficiary must be within the income and asset limits. You can find this year’s information on the State of New Jersey’s Department of Human Services website.
Specified Low-Income Medicare Beneficiary (SLMB)
The Specified Low-Income Medicare Beneficiary program helps eligible Medicare Beneficiaries pay for their Medicare Part B premium. To qualify for this savings program, the Medicare beneficiary must be within the income and asset limits; you can find this year’s information on the State of New Jersey’s Department of Human Services website.
Qualifying Individual (QI)
The Qualifying Individual program helps eligible Medicare beneficiaries pay their Medicare Part B premiums. To qualify for this savings program, the Medicare beneficiary must be within the income and asset limits. You can find this year’s information on the State of New Jersey’s Department of Human Services website.
NJSave
To apply for the above Medicare Savings Programs in New Jersey, you apply NJSave. NJSave is an online application that helps those with disabilities and seniors apply to save money on Medicare premiums, prescription drug costs, and living expenses. Below we have linked some resources to help Medicare beneficiaries or caretakers easily access NJSave.
For more assistance, contact your county’s Area Agency on Ageing or State Health Insurance Assistance Program (SHIP).
How NJSave Helps Beneficiaries
NJSave helps streamline the application process for Medicare Savings Programs or other savings programs for individuals with disabilities and seniors by submitting their application to multiple financial assistance programs, including:
- Pharmaceutical Assistance to the Aged and Disabled (PAAD)
- Senior Gold Prescription Discount Program
- Lifeline Utility Assistance
- Medicare Savings Programs (QMB, SLMB & QI)
- Medicare Part D’s Low Income Subsidy (LIS, also known as “Extra Help”)
- Hearing Aid Assistance to the Aged and Disabled (HAAAD)
If a beneficiary meets the eligibility requirements, their information can also be forwarded to:
- Universal Service Fund (USF)
- Low-Income Heating and Energy Assistance Program (LIHEAP)
- Supplemental Nutrition Assistance Program (SNAP)
We know that navigating the ins and outs of Medicare & Medicare Savings Programs can be stressful and a heavy lift. If you have any questions or would like any assistance, please feel free to reach out to the team at Seniorstar Insurance Group by calling 732 658 5100.
