SLMB added benefits

The Specified Low-Income Medicare Beneficiary (SLMB) Program is a state program that helps pay Part B premiums for individuals with income from 100 to 120 percent of the federal poverty level.

For the purpose of the comparison, let’s make some assumptions:

Year 1: Cost for SLMBConsulting Group: $160 (one-time) + 12.5% of $1,978.80 Medicare Part B Savings: $1,978.80 Net Savings: $1,978.80 – $160 – $247.35 = $1,571.45

For Year 2 to Year 10, the calculations would factor in the increase in Medicare Part B premium due to inflation of 4%, minus your fee (12.5% of the annual premium).

Year Medicare Part B Savings SLMB Consulting Group Fee Net Savings
2 $2,105.95 $263.24 $1,842.71
3 $2,190.19 $273.77 $1,916.42
4 $2,277.80 $284.72 $1,993.08
5 $2,368.91 $296.11 $2,072.80
6 $2,463.66 $307.96 $2,155.70
7 $2,562.21 $320.28 $2,241.93
8 $2,664.70 $333.09 $2,331.61
9 $2,771.29 $346.41 $2,424.881
10 $2,882.14 $360.27 $2,521.87
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