The resource limits for QMB, SLMB and QI-1 Medicare Savings Programs are $9,470 for one person and $14,960 for a married couple. The resource limits for the QDWI program are $4,000 for one person and $6,000 for a married couple. The resource limits for the Low Income Subsidy (LIS) program are $14,790 for one person and $29,520 for a married couple.
All resources/assets will need to be verified. Some examples of resources that may be requested are below.
Countable resources include:
- Money in a checking or savings account
- Money in an IRA, annuity or trust
Countable resources don’t include:
- The home you reside in
- One car
- Burial plot
- Up to $1,500 for burial expenses if you have put that money aside
- Other household and personal items