specialty drug

High-cost drugs used to treat complex or rare conditions such as multiple sclerosis. These drugs typically require special handling, administration, or monitoring.

Specified Low-Income Medicare Beneficiary

A person who is eligible for Medicare, has an income of between 100 to 120 percent of the federal poverty level and has limited assets, is eligible to receive cost-sharing assistance if enrolled in the Specified Low-Income Medicare Beneficiary program. Under the SLMB...


Can apply to reducing assets or income in the process of qualifying for Medicaid. The amount that each individual must”spend down”is determined at the time eligibility is determined. (Also see medically needy.)