"Will the Government Pay for My Long Term Care?"
Does the government Medicare program pay for eldercare costs? A statement on the Medicare.gov website clarifies what Medicare will pay for.
"Generally, Medicare doesn’t pay for long-term care. Medicare pays only for medically necessary skilled nursing facility or home health care. However, you must meet certain conditions for Medicare to pay for these types of care. Most long-term care is to assist people with support services such as activities of daily living like dressing, bathing, and using the bathroom. Medicare doesn’t pay for this type of care called "custodial care". Custodial care (non-skilled care) is care that helps you with activities of daily living. It may also include care that most people do for themselves, for example, diabetes monitoring. Some Medicare Advantage Plans (formerly Medicare + Choice) may offer limited skilled nursing facility and home care (skilled care) coverage if the care is medically necessary."
How does Medicaid cover long term care costs?
Fortunately, there is a government program that will help pay for long term care costs – Medicaid. Unfortunately, this program is unfairly discriminatory and will only pay for care for individuals who have less than $1,500 to $2,000 in assets. And in about 22 states, the program will only cover individuals who fall below a certain income threshold. All other individuals wanting help from Medicaid must impoverish themselves, paying for their own eldercare services first, before Medicaid will help them....read the entire article by going to the link below
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