What does not count as an asset? A vehicle, a home (if it is where you live), burial spaces, and retirement savings held by you or, if married, your spouse. What is counted as an asset? This includes items such as a bank account balance, cash on hand, stocks and bonds, property (other than your family home), equity in a vehicle after $5,000 has been excluded. Maximum of $2,000 (single) or $3,000 (married) in assets. Authorization Agreement for Preauthorized Payments form (SF-5510), you’re authorizing the Centers for Medicare & Medicaid Services (CMS), the Federal agency that runs Medicare, to deduct your monthly Medicare premium from your bank account. Institutionalized, disabled individuals may be eligible with slightly higher incomes and be required to pay a monthly patient liability. Thank you for your interest in Medicare Easy Pay. Works with slightly higher income and will be required to pay a monthly premium. You can get a new form at or by calling 1-800-MEDICARE (1-80).
It can take 6 to 8 weeks to change your bank account. Mail the completed form to the address above. Working disabled individuals may be eligible for M.E.D. Complete another Authorization Agreement for Preauthorized Payments form (SF-5510), and indicate the type of change you want to make on the form. Depending on their countable income, these individuals may be responsible for paying a monthly patient or waiver liability. This income standard is based on the individual only income of the spouse and other household members is not counted. These income standards are effective March 1, 2021.ĭisabled individuals who are institutionalized or eligible for Home- and Community-Based Waiver services may qualify with monthly income of up to $2,382. If disabled, your disability must meet the definition of the Social Security Administration.
Most programs serve individuals of all ages.
Individuals who are aged, blind, or disabled, including those who are institutionalized, will be served through one of the following programs: