Understanding Single Payer Healthcare for Seniors
If you have watched the news at all recently, you know that healthcare reform is a huge topic of discussion right now. Political leaders are seeking to restructure the healthcare system in the United States, and many of them want to repeal and replace Obamacare. Obamacare, or the health care law formally known as the Affordable Care Act, has been in effect since 2010. The challenge in repealing Obamacare is that there should be a law...
Medicaid Spend Down: Protecting your Assets
Whether it is you or your spouse preparing to enter a nursing home, or both of you are planning to enter long-term care together, a top concern is usually how to pay for care and what will happen to all of the things you’ve worked your entire life to acquire – your cars, your house, your savings, etc. If you know you have too many assets now to qualify for any financial assistance, then you will have to do what is known as the...
Long-term Care and Medicaid
You may think that if you need long-term nursing care, Medicare is going to cover it. Surprise! That’s not how it works. Although Medicare is the federal health insurance program for people who are 65 or older, it is actually Medicaid that picks up the tab for long-term care. Medicaid is a federal health insurance program for low-income people, and there are certain criteria you must meet in order to qualify for Medicaid such as your...
Medicare Benefits in Senior Care Facilities
Understanding the ins and outs of Medicare isn’t always easy. Once you’ve reached the stage in your life to choose a specific type of care, it’s important to understand all of the Medicare benefits available to you. Most seniors are covered under the Original Medicare Plan, which requires payment for some health care in addition to monthly payments for doctors, hospital care, and prescriptions. The advantages to Medicare can be more...
Original Medicare vs. Medicare Advantage
When it comes to Medicare, I think we all know that things can get a little confusing. If you’re a newbie to Medicare, you might need some help navigating through all the different plans and options available to you. One of the biggest decisions you will need to make is to enroll in an original Medicare vs. Medicare Advantage plan. There are pros and cons to each type of plan, but it can be difficult to figure out which plan is best...
The Dos and Don’ts of Medicare and Medicaid
Medicare and Medicaid can be a tricky and daunting part of aging. With a variety of forms, regulations, and healthcare plans, it can be tough to decipher exactly what is best for your health. Administered by the U.S. government in 1966, the social insurance program provides health insurance for citizens over 65 years old or those with disabilities. Just this year it has provided insurance for over 50 million Americans. Medicaid is a...
