What qualifies an individual as a Specified Low-Income Medicare Beneficiary (SLMB)?

To qualify as a Specified Low-Income Medicare Beneficiary (SLMB), an individual's income must exceed the limits set for the Qualified Medicare Beneficiary (QMB) program but remain below 120% of the Federal Poverty Level (FPL). This category is specifically designed to assist individuals who meet this income criterion by covering their Medicare Part B premiums.

The importance of this classification lies in its role in providing financial relief for low-income seniors who are Medicare recipients, helping to ensure access to necessary healthcare services. While the other options refer to different income statuses or age criteria, they do not specifically encapsulate the definition and stipulations that define SLMB eligibility. Therefore, qualifying as an SLMB hinges on the income comparison to both the QMB limits and the FPL, which is why this answer is the most accurate.