When you hear mention of the word Medicaid, you may lose interest because you will qualify for Medicare when you reach the age of 65. Medicaid is only of value to people with very limited resources, right? Medicaid is a need-based health insurance program that is theoretically in place to provide a health care safety net for financially needy people. However, a very significant percentage of elder Americans ultimately apply for Medicaid, even if they were qualified for Medicare coverage. Most seniors will need long-term care eventually, and Medicare does not pay for assistance with your activities of daily living. This is looked upon as custodial care rather than medical care. Medicare will pay for up to 100 days of convalescent care, but that s the extent of it. Medicaid will pay for long-term care, and this is why Medicaid is relevant to so many seniors. There are very stringent asset and income limits that you must consider if you would like to qualify for Medicaid as an el
Posted on: Thu, 21 Aug 2014 13:50:35 +0000
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