Medicare Savings Programs

4.2.3.1 Assets

Assets are items of value that people own like bank accounts, stocks and bonds, cars, and real estate. Medicare Savings Programs (MSP) follow many of the same asset eligibility policies as Medical Assistance for People Who Are Age 65 or Older and People Who Are Blind or Have a Disability (MA-ABD). Specific MSP asset policies and links to the relevant MA-ABD asset policies are included.

Asset Limit

The asset limit for an MSP is determined by household composition and family size. See MSP Household Composition and Family Size policy for more information about determining household composition.

The asset limit for the MSPs are:

  • Qualified Medicare Beneficiary (QMB)

    • $10,000 for a household of one

    • $18,000 for a household of two or more

  • Service Limited Medicare Beneficiary (SLMB)

    • $10,000 for a household of one

    • $18,000 for a household of two or more

  • Qualified Individual (QI)

    • $10,000 for a household of one

    • $18,000 for a household of two or more

  • Qualified Working Disabled (QWD)

    • $4,000 for a household of one

    • $6,000 for a household of two or more

Asset Policies

All other factors in asset eligibility follow MA-ABD. See the following policies for more information.

  1. MA-ABD Assets

  2. MA-ABD Asset Deeming

  3. MA-ABD Asset Evaluation

  4. MA-ABD Countable Assets

  5. MA-ABD Excess Assets

  6. MA-ABD Excluded Assets

  7. MA-ABD Unknown Assets

Legal Citations

Minnesota Statutes, section 256B.057, subdivision 3

Minnesota Statutes, section 256B.057, subdivision 4

United States Code, title 42, section 1396d(p)

United States Code, title 42, section 1396d(s)

Published:  September 1, 2016

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