What is Medicaid?

What Exactly is Medicaid?

Many elderly people believe their Medicare and Supplemental Health insurance will provide them with All the care they will ever need. Unfortunately, neither Medicare nor their Supplemental Health insurance cover long-term-care.

What is Long Term Care?

In Home – the individual requires a home attendant to assist them with their daily needs, such as, dressing, bathing, toileting, prepare meals, clean house, laundry, shopping and even assist with traveling to doctors appointments.

Today, private home care agencies charge their patients approximately $22.50 per hour. If the need is 12 hours per day 7 days a week, you are looking at a monthly expense of approximately $8,000.

Nursing Home – the individual requires skilled need facility to provide the care and assistance they may have – the care can range from simply residing in the facility and utilizing the services it offers, to the more complicated cases, such as, a need for ventilators, feeding tubes, dementia patients, and wanderers are just a few medical conditions handled at skilled nursing facilities.

The average cost of a New York nursing home today is approximately $400 per day. Multiply that by 30 days and you’re looking at $12,000 per month – of course, there are many others that charge much more and depending on the need the cost can and will rise.

Considering the above costs what other choice would one consider but to apply for Medicaid medical assistance. If you consider home care agencies, Medicaid will pay the private agency that the applicant picks. If it was nursing home care or skilled need facilities Medicaid would pay the facility of your choice.

If you wish to protect all or some of your life savings you will need to consider Medicaid.

For more information regarding these issue feel free to contact Elder Care Services, Inc.