Medicare Savings Programs in New York 2026: Income Limits & How to Apply

What Are Medicare Savings Programs?

Medicare Savings Programs (MSPs) are state-administered programs funded jointly by the state and federal government that help low-income Medicare beneficiaries pay their Medicare costs. In New York, there are four MSPs available, each with different income limits and benefits. Qualifying for an MSP also automatically qualifies you for the Extra Help program (Low Income Subsidy) for Part D prescription drug costs.

QMB Program in New York

The Qualified Medicare Beneficiary (QMB) program is the most comprehensive MSP. In New York, individuals with monthly income at or below $1,255 (couples: $1,704) may qualify. QMB pays your Part A premium (if applicable), Part B premium ($185/month in 2026), Part A deductible ($1,676 per benefit period), Part B deductible ($240/year), and all Medicare copays and coinsurance. Providers are prohibited from billing QMB beneficiaries for Medicare cost-sharing.

SLMB Program in New York

The Specified Low-Income Medicare Beneficiary (SLMB) program pays your Medicare Part B premium ($185/month in 2026). In New York, individuals with monthly income at or below $1,478 (couples: $1,992) may qualify. SLMB saves you $2,220/year on Part B premiums alone.

QI Program in New York

The Qualifying Individual (QI) program also pays the Part B premium but has limited funding — slots are awarded on a first-come, first-served basis each year. In New York, individuals with monthly income at or below $1,660 (couples: $2,239) may apply. Apply early in the year to secure a slot.

How to Apply for Medicare Savings Programs in New York

To apply for a Medicare Savings Program in New York, contact your state Medicaid office or local Social Security office. You will need to provide proof of income (Social Security award letter, tax return, pay stubs), proof of assets (bank statements), Medicare card, and proof of residency in New York. Applications are processed by New York’s Medicaid agency. If approved, benefits are retroactive to the month of application.

Extra Help (Low Income Subsidy) and MSPs in New York

Qualifying for any Medicare Savings Program in New York automatically qualifies you for Extra Help, which reduces Part D prescription drug costs to nominal copays ($4.90 for generics, $12.15 for brand-name drugs in 2026) and eliminates the Part D late enrollment penalty. This can save hundreds or thousands of dollars per year for beneficiaries with multiple prescriptions.