Paying for Medicare care costs can be expensive in light of the multiple government loopholes. For some seniors even making basic premium and copayments is impossible or at least very difficult. Luckily, states provide assistance to seniors in such a predicament. Assistance comes from three systems: Medicaid, qualified Medicare beneficiaries, or specified low income Medicare beneficiary.
What are your Long-Term Care Options?
Medicare pays healthcare for seniors through the various Medicare Parts. But one area where Medicare is lacking is long-term care. This is becoming a bigger issue as more and more people live longer lives. Long-term care refers to places like nursing homes or assisted living centers. Unlike skilled nursing facilities or home health care agencies, there is potentially no end to how long a person could possibly stay in a nursing home. We will be discussing the options available to you as you plan out your or your loved ones' retirement healthcare needs.
Medicare Part B - Medical Insurance
Medicare Part B is the medical insurance component of Original Medicare, it pays for outpatient care such as trips to the doctors office and tests, like x-rays or MRIs. Unlike Medicare Part A, you are not automatically enrolled. Like any other insurance you will have to pay a premium, deductible, and copayment. Your Medicare care must also be necessary and provided at a Medicare-approved doctor’s office or facility. We will discuss the most important points about Medicare Part B in this article.
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