Glossary

Medicare Savings Program (MSP)

The program provides assistance through Medicaid with Medicare premiums — and sometimes cost-sharing requirements — to Medicare beneficiaries of limited income and resources who do not qualify for full Medicaid benefits. The program encompasses qualified Medicare beneficiaries (QMBs), specified low-income Medicare beneficiaries (SLMBs) and other groups of beneficiaries who need help with cost-sharing to access services.