If I have Medicare, how can I get help paying for my long term care needs?
Section VIII.c. Understanding Long Term Care Insurance
Question 2 of 3 (use "Last" or "Next" buttons to see more)
Medicare by itself pays for a limited amount of long-term supportive services. Medicare covers up to 100 days of care in a nursing home (skilled nursing facility) after you have spent three days in the hospital and as long as you need skilled care. In some cases, Medicare will cover home health care, but eligibility requirements are strict and Medicare typically approves coverage of only four to ten hours a week of care (it can cover up to 35 hours). Medicare will also pay for hospice care for people who are terminally ill.
Medicare will only pay for care in Medicare-certified skilled nursing facilities or through Medicare-certified home health or hospice agencies. It will never pay for care in a continuing care retirement community (CCRC) or in an assisted living facility (ALF).
If you have a chronic illness or disability and need extensive long-term supportive services, you will probably need to find resources other than Medicare to help pay for these services.
Medicaid may help pay for home health care, nursing home and other long-term care services if you have low income and meet other eligibility requirements.
The Department of Veterans Affairs (VA) provides long-term care services to some eligible veterans through three national programs: VA nursing homes; state veterans' homes; and community nursing homes that work with the VA. Each program has its own eligibility requirements. For help determining which program you may qualify for, contact the VA social worker at your local VA facility.
In addition to nursing home care, the VA also offers other long-term care services in VA facilities and through community centers that work with the VA. VA long-term care services include adult day care services, respite care, home-based care, geriatric evaluations and management, and hospice care. Ask a VA benefits manager at your local VA facility for more information.
Program of All-Inclusive Care for the Elderly (PACE)
PACE is a government program available in certain states to people with Medicare or Medicaid who:
If you qualify, PACE will cover all the medical, social and rehabilitative services you need, including items that Medicare does not cover, such as social work services, meals and nursing home care. You will receive all of your health care (Medicare and Medicaid benefits) through the PACE program.
Long Term Care Insurance and State Partnerships for Long Term Care
While long-term care insurance and state partnerships for long-term care can limit health care costs for some people, they are not good options for everyone. The insurance can be expensive and premiums can increase substantially as you age. You should not consider a long-term care policy if you have limited income or assets or if paying the premiums would require that you make any lifestyle changes. And if you have Alzheimer's or other serious health problems, you may not be able to buy a policy at any price. Do your research before deciding to purchase a long-term care insurance policy. Read reviews and ratings of the insurance company and make sure that you understand the benefits and rules of the plan.
Paying for Long Term Care Yourself
Many people go without coverage and pay for care themselves. You need to think about how much care may cost over an extended period of time and as you become increasingly frail. Find out about nursing home care costs in your area. Then calculate how much money you would need for a four-year stay. If you can set aside enough to cover four years of residential care, you should consider simply paying for it yourself. Keep in mind that actual costs cannot be predicted. If you have or develop Alzheimer's or other forms of dementia, you may need care for many more years.
Home care often costs much less than residential care. Since people often wish to continue living in their own homes, you may want to research the cost of home and community-based services in your area. Such services, along with home adaptations (like ramps for wheelchair access), may help you stay in your own home.