Page 12 - Demo

PAYING FOR A NURSING HOME OR A LONG-TERM CARE FACILITYAdmitting yourself or a loved one to an assisted living or nursing home facility can be very expensive. Below are some options to research.MEDICAREAlthough Medicare does not cover long-term stays in a nursing home, it will cover hospital care, physician services, and some medical supplies while a person is in a nursing home. Additionally, Medicare Part A (Hospital Insurance) may cover skilled care provided in a skilled nursing facility under certain circumstances for a certain period of time. Medicare will also cover certain daily skilled care services on a shortterm basis, usually up to 100 days in a benefit period.MEDICAIDAs a joint federal and state program, most health care costs are covered if a person qualifies for both Medicare and Medicaid. Medicaid varies from state to state, and you may qualify for Medicaid nursing home coverage even if you haven%u2019t qualified for Medicaid services prior.LONG-TERM CARE Long-term care insurance policies vary. Some may cover only nursing home care, while others may include coverage for a whole range of services, like medical equipment, adult day care, assisted living, or informal home care. If you or your loved one already has long-term care insurance, check the policy or call the insurance company to determine if the care needed is covered. If you%u2019re shopping for long-term care insurance, find out which types of services and facilities the policies cover, and also if coverage could be limited because of a pre-existing condition.