Medicaid is a Federal Program In Which Funds are Distributed by the States – i.e. Nursing Home CarePosted by in Aging | FAQ's | Home Health Care | Medicaid | Uncategorized
Once a person, a loved one or yourself needs Nursing Home Care you may not be physically or mentally capable of understanding how to apply for Medicaid or you may not be eligible. There are many things to learn when planning for old age. Financial planning is key to enable you to maintain your lifestyle and in event of medical need, afford the kind of help you require either at home or in a long term care facility. Boca Home Care Services explains some pieces of the puzzle and strongly recommends you explore these things on your own before you need them.
We don’t have a crystal ball but can deduce some things about our future. We can look at our genes and what our parent’s old age looks like. We can examine our own medical and financial profiles. We can explore what services are out there and what the criteria are for Governmental programs which presently pay for Nursing Home Care, or some in-home assistance (community or home diversion programs).
The government, via Medicare, Medicaid and Social Security covers a huge part of many American’s medical and living expenses. Philosophies aside, we are growing older than ever before and therefore the number of us who will need assistance with our care is growing as well. Personal wealth, and insurance are needed and may be enough not to require other funds. We believe in planning and hope you will investigate the financial outlook for yourself or your parents once the 80s role around.
Medicaid is a primary payer for nursing home care. However you can’t just decide one day to apply. There are financial requirements and a look back period. In Florida it is between 3-5 years. Meet with or speak with your financial planner, elder law attorney and figure out what is best for you.
Explore Medicaid now when you or your family member doesn’t need it. It is a usual and common question we get, “How do we get on Medicaid so they pay for it?” At least get acquainted with some of the basics of Medicaid if you have any chronic and/or degenerative illnesses.
You may wish to go online to the Medicaid sites for your area, visit an office, find a specialist or an organization which works on Medicaid applications. In short, make it part of your financial planning homework.
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