Skip to Content

Change Text Size Increase Text Size  Lower Text Size

  Main Index MAIN
INDEX
Search Posts SEARCH
POSTS
Who's Online WHO'S
ONLINE
Log in LOG
IN

Home: Message Boards: Finances and Work:
Financial Aid

 



FETIER
New User

Sep 24, 2005, 8:56 AM

Post #1 of 5 (295443 views)
Shortcut
Financial Aid Can't Post Private Reply

What if anything does Medicare pay for in assisted living homes?

Thanks!


slm2000
New User

Sep 24, 2005, 1:51 PM

Post #2 of 5 (295422 views)
Shortcut
Re: [FETIER] Financial Aid [In reply to] Can't Post Private Reply

We just came from an ind living/asst living facility in GA for my parents. I think she said MediCADE was the one that could be involved, however if there are VA benefits available, you could start there.


sidneyland
New User

Sep 4, 2010, 12:27 AM

Post #3 of 5 (280053 views)
Shortcut
Re: [FETIER] Financial Aid [In reply to] Can't Post Private Reply

Medicare generally does not pay the long term care costs. The assistance from Medicare is very restrictive; whereas the daily activities such as bathing or dressing are not covered by Medicare. It only pays for skilled nursing or home health care.

If you are looking for investment or insurance that will give you the best benefit, then you must go for long term care insurance. Many insurance companies nowadays offer policies with many benefits such as inflation protection and long term care insurance tax deduction http://www.completelongtermcare.com/resources/tax-advantages.aspx


sethm
Novice

Jun 21, 2011, 7:15 AM

Post #4 of 5 (248032 views)
Shortcut
Re: [FETIER] Financial Aid [In reply to] Can't Post Private Reply

Unfortunately, Medicare coverage is very limited. In fact, it doesn't cover all the expenses related to long-term care, including assisted living facility costs for a long period of time. Medicare has a limitation of 100 days or less.

(This post was edited by StephenWinbaum on Jun 22, 2011, 9:04 AM)


Refer
Novice

Dec 20, 2012, 10:54 AM

Post #5 of 5 (27108 views)
Shortcut
Re: [sethm] Financial Aid [In reply to] Can't Post Private Reply

I don't think so the medicare facility covers a long term medical facility for a person, as it always limited to some extent. Where as, to get or buy an old age home which already contains all necessary and luxuries facilities for elders is a much better option. along with nursing facility. As some of old age home providers, providing all that at some reasonable prices.


(This post was edited by StephenWinbaum on Jan 29, 2013, 1:28 PM)

 
 


Search for (options)    

Welcome to RetirementHomes.com. Our goal is to help you and/or your loved ones find the perfect retirement community that meets your specific needs and allows you to enjoy your retirement.


Find Senior Housing | Job Board | Marketplace | Library | Community | About RetirementHomes.com Terms of Service | Privacy | Contact Us | Advertise With Us | Site Map |

Retirement Homes Network Retirement Homes Retirement Communities | Retirement Living | Retirement Community | Elder Care | Retirement Care
Long Term Care | Seniors Care | Senior Community | Home Care | Assisted Living | Retirement Resorts | Senior Housing

© RetirementHomes.com 2013. All rights reserved. Retirement Homes & Communities - USA/Canada