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What does SLMB mean in Medicare?
In the context of Medicare, "SLMB" stands for "Specified Low-Income Medicare Beneficiary." SLMB is one of the Medicare Savings Programs (MSPs) that help low-income individuals pay for some of their Medicare costs. Specifically, the SLMB program provides assistance with paying for Medicare Part B premiums. Here are some key points about the SLMB program:
1. Premium Assistance: SLMB helps eligible beneficiaries by covering the monthly premiums for Medicare Part B, which is the portion of Medicare that covers outpatient services, doctor visits, and medical equipment.
2. Income and Asset Limits: Eligibility for SLMB is primarily based on income and asset limits, which are set by each state's Medicaid program. To qualify, individuals must have income and assets below the thresholds established by their state.
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3. Dual Eligibility: Many SLMB beneficiaries are "dual-eligible," meaning they qualify for both Medicare and Medicaid. Medicaid assists with covering their Medicare Part B premiums through the SLMB program.
4. Limited Benefits: It's important to note that the SLMB program only covers Medicare Part B premiums and does not provide assistance with other Medicare costs, such as deductibles, copayments, or coinsurance.
5. Application Process: Eligible individuals can apply for the SLMB program through their state's Medicaid office. The application process may vary from state to state.
MedHelpCenter.us recommends that you call the Senior Health Insurance Agency at 813-592-8568 for further explanation.
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