A few years ago, I realized that my dad needed to move into a care facility instead of living with us. He was always depressed and he needed to be around more people his own age. It was a really difficult decision, but after we moved him into a care facility, he really blossomed. It was great to see him happy, healthy, and enjoying things on his own. This blog is here to help other people to enjoy their own lives and to care for loved ones who need special assistance. I know that with the help of assisted living, everyone can enjoy a better life.
If you don't have long-term insurance to cover nursing home costs when you need it, it's a good idea to manage paying for the care out of your own pocket at first. As you self-pay for your nursing home care, the funds you have in the bank will be reduced. At some point in time, you'll spend so much money and depleted your resources so much that you'll become eligible for Medicaid, which will cover your nursing home charges. It's a heck of a way to access nursing home care in America by going broke, but if that's your only choice, it's better than not getting the care you need. There are some other ways to get your nursing home care paid for before emptying your bank account and assets.
Paying Nursing Home Charges With Life Insurance Policy
Some insurance companies are willing to accept payment in the form of your life insurance policy to pay for long-term care such as nursing home care. You'd have to search and find nursing homes that will make that exception to accommodate your paying capability. Have your insurance agent explain just how this can work for you.
What About Medicare?
Medicare does not, as a rule, pay for senior living care but will cover up to 100 days for skilled nursing home care if you're ill and spent three days in a hospital and you now require skilled nursing care. So yes, Medicare might help you, but maneuvering the stringent eligibility requirements is a challenge. The help Medicare offers is about 4 to 10 hours a week of care, but it will consider up to 35 hours when the need for increased hours can be documented. The program will pay for hospice care if you become terminally ill but will never pay for you to reside in an assisted living facility or a continuing care retirement community.
Medicaid Pays For Your Nursing Home Care
Low-income citizens qualify for nursing home coverage by their eligibility for Medicaid coverage. All states are required to cover your nursing home care services, as part of the Medicaid programs if you're over the age of 65. You must have a disability such as blindness, which makes it necessary for you to have nursing-home care. In some states, you also become eligible for personal care that helps you to perform your activities of daily living.
You may also obtain case management service by a social worker who can arrange support services like housing that's covered by Medicaid. So the coverage you receive for nursing home care is dependent upon the establishment of your state income, your assets as well as the level of your functional status. If you'd rather remain in your home and receive skilled nursing care and other ancillary programs in the comfort of your home, discuss this option with your physician.