Although the federal government sets the criteria, states determine final eligibility. If you qualify for the QMB program, SLMB, or QI program, you automatically qualify to get extra help paying for Medicare drug coverage. Getting extra help through a Medicare Savings Plan can create special enrollment periods for Medicare Advantage and Medicare Drug Plans.
Countable resources for MSP program resource limits include stocks, bonds, and the money in checking and savings accounts. They, however, do not include the home, one car, furniture and other household or personal items, burial plots, and up to $1,500 set aside for burial expenses.