Medicare Savings Program

Acronym: MSP

Medicare Savings Programs (MSP) include four different Medicaid programs (QMB, SLMB, QI, QDWI) available for people with limited financial resources who are eligible for both Medicare and Medicaid (dual eligible). And, depending on your income and assets, Medicare Savings Programs may pay your monthly Medicare Part A premiums (for in-patient and hospital coverage), as well as Medicare Part B (out-patient and medical coverage) premiums, deductibles, coinsurance, and co-payments.