State hikes income limits on Medicare Savings Program
New York state has expanded the Medicare Savings Program (MSP) to higher income limits in 2023. What does this mean to you? MSP helps older adults and people with disabilities living on limited incomes by paying their Medicare Part B premiums and automatically enrolls them in Extra Help. This financial assistance helps by allowing enrollees to maintain their Medicare coverage, access needed care, and afford other necessities. The newly expanded program is estimated to save beneficiaries an average of up to $7,300 annually. You and approximately 100,000 thousand other Older Americans ...