home > forum

 

 

Medicare rules about paying for nursing home

 
Post new topic   Reply to topic    Retirement Community Forum -> Assisted Living Financial Issues
View previous topic :: View next topic  
Author Message
admin
Site Admin


Joined: 03 Apr 2008
Posts: 75

PostPosted: Tue May 06, 2008 2:04 pm    Post subject: Medicare rules about paying for nursing home Reply with quote

I hear lots of different versions about what medicare will pay for when it comes to nursing home care. My parent is old enough to be on medicare, will it pay for the nursing home?
Back to top
View user's profile Send private message
sandwichtime



Joined: 30 Sep 2008
Posts: 10

PostPosted: Tue Sep 30, 2008 9:50 pm    Post subject: Reply with quote

Good question. First of all note that there is a difference between Medicare and Medicaid. Most people haven't learned the difference.

Under certain limited conditions, Medicare will pay some nursing home costs for Medicare beneficiaries who require skilled nursing or rehabilitation services. To be covered, you must receive the services from a Medicare certified skilled nursing home after a qualifying hospital stay.

Medicaid, on the other hand, will pay for most nursing home costs for people with limited income and assets. Eligibility varies by state, so check out your state's requirements. Many people end up with Medicaid paying their nursing home expenses, but only after their personal finances have been exhausted (easy to do, with fees in the thousands per month).

Check out [url]Medicare.gov[/url], it is really helpful. http://www.medicare.gov/nursing/Payment.asp
Back to top
View user's profile Send private message
bogeyman



Joined: 06 Aug 2008
Posts: 2

PostPosted: Fri Dec 12, 2008 1:45 pm    Post subject: long term care Reply with quote

I don't know about everyone else, but i am very fuzzy about who pays for long term care, depending on type. So i was very excited to find this resource that explains so clearly every aspect of long term care - the various types, average costs, and who will pay for what. Its from the National Clearinghouse for Long Term Care Information - definitely worth bookmarking! http://www.longtermcare.gov/LTC/Main_Site/Paying_LTC/Costs_Of_Care/Costs_Of_Care.aspx
Back to top
View user's profile Send private message
BarrieByrnes



Joined: 24 Feb 2009
Posts: 7

PostPosted: Wed Mar 04, 2009 3:38 am    Post subject: Reply with quote

i have checked this link. it's information of planning for long-term care is deciding how to pay for services.
Back to top
View user's profile Send private message
JudithScott



Joined: 25 Mar 2009
Posts: 7

PostPosted: Thu Apr 09, 2009 9:55 pm    Post subject: Reply with quote

This link have nice information about Medicare and Medicaid for most nursing home costs.
Back to top
View user's profile Send private message
Linda Middlebrook



Joined: 22 Apr 2009
Posts: 6

PostPosted: Tue May 12, 2009 11:54 pm    Post subject: Reply with quote

sandwichtime wrote:
Good question. First of all note that there is a difference between Medicare and Medicaid. Most people haven't learned the difference.

Under certain limited conditions, Medicare will pay some nursing home costs for Medicare beneficiaries who require skilled nursing or rehabilitation services. To be covered, you must receive the services from a Medicare certified skilled nursing home after a qualifying hospital stay.

Medicaid, on the other hand, will pay for most nursing home costs for people with limited income and assets. Eligibility varies by state, so check out your state's requirements. Many people end up with Medicaid paying their nursing home expenses, but only after their personal finances have been exhausted (easy to do, with fees in the thousands per month).

Check out [url]Medicare.gov[/url], it is really helpful. http://www.medicare.gov/nursing/Payment.asp


Good information about Medicare and Medicaid
Back to top
View user's profile Send private message
Gabbi



Joined: 22 Oct 2012
Posts: 1

PostPosted: Mon Oct 22, 2012 2:40 pm    Post subject: Reply with quote

This link http://www.longtermcare.gov/LTC/Main_Site/Paying_LTC/Costs_Of_Care/Costs_Of_Care.aspx no longer works.

It has moved here: http://www.longtermcare.gov/LTC/Main_Site/Paying/Costs/Index.aspx

Other good resources

http://www.genworth.com/content/non_navigable/corporate/about_genworth/industry_expertise/cost_of_care.html (Compare by state)

http://www.seniorhomes.com/p/long-term-care-costs/ (provides cost by type of care)
Back to top
View user's profile Send private message
Booster



Joined: 11 Dec 2012
Posts: 6

PostPosted: Wed Dec 12, 2012 12:43 pm    Post subject: Assisted Living Financial Issues Reply with quote

I think should not be any serious financial issues as concerned medicare. As there are some old age homes are available which are sold at once, at some reasonable prices with all of the necessary and luxuries facilities along with nursing facility with complete privacy. Where you don't need to pay any other amount afterwards once you have paid for the home price.
Back to top
View user's profile Send private message
Booster



Joined: 11 Dec 2012
Posts: 6

PostPosted: Fri Dec 14, 2012 5:28 pm    Post subject: Re: Assisted Living Financial Issues Reply with quote

Booster wrote:
I think should not be any serious financial issues as concerned medicare. As there are some old age homes are available which are sold at once, at some reasonable prices with all of the necessary and luxuries facilities along with nursing facility with complete privacy. Where you don't need to pay any other amount afterwards once you have paid for the home price.

That's what i think about it, what you think give your comments.

aged care tweed heads
Back to top
View user's profile Send private message
Williamson



Joined: 26 Jul 2013
Posts: 10

PostPosted: Fri Nov 15, 2013 10:51 am    Post subject: Reply with quote

Thanks informative this one.
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    Retirement Community Forum -> Assisted Living Financial Issues All times are GMT
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum