Does Medicare Cover Nursing Home Care?

Medicare coverage can range depending on the type of policy you select, but how will you know what coverage is provided by each part? Turning 65 Solutions can help!

If you find that you or a loved one will need coverage for nursing home care, it’s important that you know what to expect from Medicare, as well as what some alternative options are.

The Parts of Medicare

If you’re familiar with Medicare, then you know that there are different parts. This allows for clear organization and makes the policy selection process easier. Understanding the different parts of Medicare is important when discussing nursing home care coverage.

While Medicare coverage does not cover many long-term care options, there are some ways that your coverage may cover nursing home care. Medicare Parts A and C are the two areas that may include coverage. Part A is typically associated with hospital coverage, but it also includes skilled nursing facilities. Part C coverage will depend on the type of Medicare Advantage policy that’s selected and the company that it’s purchased from. Part C also provides the same coverage that you would receive with both Parts A and B (Original Medicare), so naturally, it would provide the same limited coverage as Part A.

Paying for Nursing Home Care

Nursing home care can be costly without the proper coverage. There are multiple ways that many choose to cover these costs and they’re important to know if you’re wanting to financially plan for the future. Let’s talk about the ways that you can cover some of these costs.

While Medicare is limited to what it will cover, there are other options that are specifically intended for this kind of care. Purchasing long-term care insurance is an excellent way to plan for multiple different scenarios and be sure that you have a policy which would cover a nursing home stay.

If you’re eligible for Medicaid, that can be another option. Medicaid enrollment is mostly based on income and each state has different requirements. Make sure to check with a local Medicaid office in your state to ensure your eligibility as enrolling in this option could save you thousands of dollars.

Medigap is another policy that may be able to help you reduce some costs. While Medigap does not provide its own coverage, it may be able to reduce the amounts that you owe out-of-pocket. Purchasing a Medigap policy alongside your Original Medicare coverage is a good decision for most, so consider if this is the right option for you.

Call Turning 65 Solutions Today To Learn More

Medicare can be complicated and there are so many different things to explore. Understanding the different policies and their coverage will help you save money and make sure that you have the right coverage for your situation.

Thinking about Medicare enrollment requires planning for the future. This can be difficult for some, especially when thinking about nursing home care. This is one of the reasons why it’s so important to work with an insurance agent that cares about you and your coverage. At Turning 65 Solutions, we understand the need for selecting the right policy and making sure that you’re sure of the policy you enroll in.

If you’re interested in learning more about Medicare, you can give us a call to make an appointment. Let’s talk about the future and find the right policy for your needs.

Turning 65 Solutions can help you plan for the future.