Q
|
What is the difference between Medicare and
Medicaid regarding Long-Term Care? |
A
|
Medicare, the health insurance held by most elders,
has very limited long-term coverage (only 20 days full coverage with a
maximum of 100 days). Medicaid is not insurance but a
needs-based program for which eligibility is determined by
demonstrating income and assets are below prescribed limits. |
Q
|
Is it too late to plan once your loved one is in a
nursing home? |
A
|
No. We can still save a major portion of your loved
one's remaining assets. The majority of nursing home residents
receive Medicaid benefits. |
Q
|
Is the quality of care the same for residents
receiving Medicaid benefits as a private-pay patient? |
A
|
Yes. Consumer Protection Law 93A obligates
nursing homes to refrain from discriminating against Medicaid
patients. |
