Thursday, August 4, 2022

Does Medicare Cover Long Term Care?

The short answer is NO.
Straight from the horse's mouth https://www.medicare.gov/coverage/long-term-care
Medicare Part A covers short stays at a Skilled Nursing Home. For things like rehab therapy, IV medications and treatments.
You could pay dearly--

Here is the breakdown of covered costs depending on length of stay:


Days 1 through 20: Part A pays the entire cost of any covered services.
Days 21 through 100, you pay $194.50 per day.
After 100 days: Part A pays nothing. You’re responsible for the entire cost of Skilled Nursing Home services.


What pays the cost of Long Term Care?
Long term care Insurance and/ or Medicaid, even some wealth preserving products from companies like Securian.


You will be surprised that there are solutions that are affordable.
Call me if you have any questions, my advice for you is always free.
605-868-8330/480-400-9837
or reach me at GregNinkeAgency.com


Serving families and small business in South Dakota, Arizona, Nebraska, Minnesota, Wisconsin, Iowa, New Mexico, Texas and Nevada



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