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Eligibility and Application Process

Eligibility for MSPs is primarily based on income and resources. For instance, the QMB program requires that an individual's income not exceed 100% of the federal poverty level, while the SLMB and QI programs allow for slightly higher income limits. Resources, such as bank accounts, stocks, and bonds, are also considered, but certain assets like your home and car are excluded³.

Applying for these programs involves contacting your state's Medicaid office, as they administer the MSPs. The process typically requires documentation of your income and resources, so be prepared to provide recent financial statements and other relevant paperwork¹.