Specified Low-Income Medicare Beneficiaries (SLMB)
The Specified Low-Income Medicare Beneficiary (SLMB) program is a Medicare Savings Program that pays the Medicare Part B monthly premium for beneficiaries within its income limits. Unlike the QI program, SLMB is an entitlement rather than being subject to annual funding limits.
Definition
The Specified Low-Income Medicare Beneficiary (SLMB) program is a Medicare Savings Program that pays the Medicare Part B monthly premium for beneficiaries within its income limits. Unlike the QI program, SLMB is an entitlement rather than being subject to annual funding limits.
Why it matters
SLMB enrollment reduces premium costs and generally confers automatic Low Income Subsidy eligibility for drug coverage.
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