Fredrick P. Niemann, Esq. of Hanlon, Niemann & Wright discusses an important benefit many seniors are unaware of: New Jersey Medicaid programs that can pay Medicare premiums for individuals with very limited income.
In this brief video, Mr. Niemann explains how New Jersey Medicaid can cover Medicare costs for people earning less than approximately $1,215 per month, including Medicare premiums, deductibles, and coinsurance through programs such as the Qualified Medicare Beneficiary (QMB) program. He also discusses additional Medicare Savings Programs, including SLMB and QI-1, which can help pay Medicare Part B premiums for individuals with slightly higher income levels.
Mr. Niemann breaks down income and asset limits in plain language, clarifying what counts as an asset, what is exempt—such as a primary residence, personal belongings, and a vehicle—and what happens if someone’s assets exceed New Jersey’s Medicaid limits.
By Fredrick P. Niemann, Esq., a NJ Elder Care Attorney