The Medicare Savings Program (MSP) is a state-run initiative designed to help low-income individuals with Medicare costs. It can assist with paying premiums for Medicare Part A and Part B, as well as covering deductibles, copayments, and coinsurance. Eligibility is based on income and resource limits, which vary by state. If you qualify, you may also receive additional benefits like prescription drug cost assistance through the Extra Help program.

Navigating Medicare can be tricky, especially when deciding between Medicare Advantage and Medicare Supplement plans. While both offer valuable benefits, they differ significantly in coverage, costs, and flexibility. Understanding these distinctions is key to choosing the right plan for your healthcare needs.