Blogs
- Open Enrollment 2023 FAQ
- Get Ready! Medicare Open Enrollment Begins October 15th
- Ten Shocking Medicare Stats
- Minimize Home Care Costs with Medicare
- 4 Ways to Make Your Home Safer for Loved Ones with Alzheimer’s Disease
- 7 Million Californians to Benefit from State-Run Retirement Plan
- 5 Ways to Get the Most from Medicare
- How to Spot Medicare Open Enrollment Scams
- 200,000 Doctors are Turning Away New Medicare Patients
- Doctors Warn Patients About Upcoming Medicare Changes
- The Mystery of Medicare
- Medicare Cost Plans vs. Medicare Advantage
- Shopping for Medicare Last Minute
- 5 Reasons to Switch Your Medicare Advantage Plan
- Medicare Help: Get Help Choosing a Hospital
- What do Medicare drug plans cover?
- How Medicare Online Works for Medicare Beneficiaries
- Medicare Part A Costs
- When to buy Medigap Insurance
- The Latest in the Battle for Prescription Drug Coverage
- Don’t Miss These Medicare Deadlines
- 4 Tips for Protecting Your Retirement Savings
- Medicare Open Enrollment Starts Soon
- The Ultimate Retirement Checklist
- Health Care to Cost $10K Per Person
- 8 Things Seniors Should Know About Hospice Care
- Do seniors know enough about their Medicare choices?
- Retirement Plans You Might Regret
- Medicare Penalized for Being Too Careful
- Paul Ryan’s Plan to Make Medicare a Voucher Program
- Thrown Away: $3 Billion in Cancer Drug Spending Wasted
- How Seniors are Winning with Home Care
- Medicare Facts - Are Injections Better Than Eye Drops for Addressing Cataracts
- 3 Things You Don’t Know About Medicare But Should
- Americans Want Medicare to Cover Obesity Treatments
- Best Places to Retire with Affordable Healthcare
- Medicare to Test New Drug Pricing for Doctors and Hospitals
- Retirement – 5 Websites Made for Retirees
- Medicare Home Health Agencies
- Medicare Part B Costs And Coverage 2016
- Medicare Advantage is Changing in 2016 – Are you Ready?
- Choosing a Home Health Agency
- Medicare Part D Costs and Coverage 2016
- DIY Guide to Medicare Shopping
- Should Medicare Cover Genetic Sequencing?
- CMS Bars Cigna from Enrolling New Medicare Members
- Is Medicare for All an Achievable Goal?
- Trump – Medicare Should Negotiate Drug Prices
- A Guide to Medicare Part A
- 5 Things You Didnt Know About Medicare
- Medicare News: A Look Back at Medicare Changes in 2015
- Hospital Prices Vary Across U.S.
- Five Ways You’re Wasting Your Retirement Money
- Government Targeting Remaining Uninsured
- Retirement Benefits Set to Change in 2015
- Medicare Costs: These 5 Screenings will Help You Keep Medicare Costs Down
- Medicare Spending: New way to explore Medicare prescription-drug spending
- Infections & Mistakes - Medicare Penalizes South Florida Hospitals
- Three Changes Coming to Medicare in 2016
- Quit Smoking with Help From Medicare
- Get Your Free Flu Shot Before It is Too Late
- Antibiotic Use: When Not to Take Antibiotics
- Medicare Premium Costs Are Not Going to Spike For Now
- A Migraine even without throbbing pain is a migraine
- Deciding on your best options according to your circumstances and needs
- Medicare Advantage Plans (Under part C)
- Medicare Prescription Drug plans (Part D)
- The things that Medicare doesn’t take care of
- Nurture your body by drinking plenty of water
- Avoid paying more for prescription drug coverage
- Dear Coffee lovers, Caffeine may actually be beneficial for you
- How does one select a primary care provider for oneself or a loved one?
- Know how traveling affects your Medicare plans
- Have Medicare costs been worrying you? The good news is, you may qualify for financial hel
- What should be done if I want to make a transition from Health Marketplace to Medicare
- The drawbacks of Medicare Advantage
- Can Medicare Advantage provide quality, savings, satisfaction and access- all together?
- Refining Medicare Advantage
- What are my expectations from a Medicare program?
- Medicare Additional/Supplemental Insurance Plans
- Working towards better American Health care- Medicare Advantage
- Managing out-of-pocket costs and paying for Medicare
- The basics of medicare and how it works
Get Best Medicare
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Minimize Home Care Costs with Medicare
Medicare and Medicaid Can Help Minimize Long-Term Care Costs
Many Americans depend on nursing homes or long-term care facilities towards the latter part of life. Nursing homes can help seniors enjoy the rest of their days in a safe environment. Over two-thirds of Americans over the age of 65 will require long-term care services during their lifetime. In addition, over 45 percent will need care from a nursing home, according to the Centers for Medicare and Medicaid Services. The cost of this type of care can be financially crippling. There are ways to avoid the economic strain that comes with this type of care.
Long-term care insurance, Medigap insurance and private health insurance plans can help offset the cost of long-term care. These policies must be in place before a major health event occurs, or it will be near impossible to obtain. Use the GetBestMedicare.com online form to get a free Medicare quote now.
How Much Does it Cost?
In 2016, a private room at a nursing home cost an average of $253 a day. That’s more than $92,000 annually, according to Genworth Financial. A semi-private room ran for $225 a day, or $82,125 a year. The average nursing home stay lasts for 835 days, or over two years, according to the latest National Nursing Home Survey.
Costs will vary from person to person, based on your health needs and your geographical location. Rates differ from state to state, and from city to city. One in every ten residents age 75 to 84 stays in a nursing home for five or more years, while three in ten in that same age group stays less than 100 days. The maximum stay covered by Medicare is 100 days, according to the American Association for Long-Term Care Insurance. After a major surgery, many patients seek convalescent nursing home care. This short-term care is often covered by Medicare.
“Even if you or your loved one doesn’t need care right now, but you think it may be coming, at least look at the costs now and in five years to guage what the hit will be,” Wendy Boglioli, spokesperson for insurer Genworth Financial told the US News.
Medicare Coverage
If you, or a member of your family is facing a need for a nursing home you should determine whether Medicare will cover at least a portion of your stay. Medicare provides coverage for rehabilitation, but not long-term care. If a patient has spent at least three days in a hospital for medically necessary care, Medicare will pay for up to 100 days of convalescent care immediately following hospital discharge, as long as the individual goes to a home that is Medicare-certified.
Medicare can also help with costs if a long-term nursing home is inevitable but not immediately necessary. Medicare can pay for up to 35 hours per week of home health services. Medicare covers home health services like intermittent skilled nursing care, speech-language pathology, physical therapy, and occupational therapy for up to 60 days at any given time. This type of care covered by Medicare is called “episode of care.”
To take advantage of this type of care, patients should be living at home, not in a nursing home or long-term care facility. They must also have their physicians approval, and use a Medicare certified agency. Medicare will not cover personal care like meal preparation, bathing, using the bathroom, and dressing if that is all you require.
Medicaid
If a person lacks enough savings to cover the cost of a nursing home, they can become eligible for assistance from Medicaid. To qualify for Medicaid, you must have minimal assets and no more than $2,000 in cash, bonds and IRAs.