Long Term Care Insurance Policies

In order to succeed for Medicaid to get care in a state-run nursing home, you have to be below a certain income level and can own only limited property. The rules vary by state, and new laws are making it increasingly difficult to qualify. No longer, for example, can you transfer your properties to your children and then enter a nursing home. Most states have a 3 to 5 year look back period with a stiff associated penalty for those who have attempted such a transfer.

The Medicare Misconception

Many people wrongly believe that Medicare will pay their nursing home bill.

Medicare includes hospitals and needed nursing facilities for a limited time period. Medicare will pay for 100 days of expert care in a skilled nursing facility–with co-pay for days 21 through 100–if you are admitted to the facility within 30 days of leaving a hospital and have been hospitalized for the same disorder for at least three days. A medical specialized has to certify that you need this care. You can head to http://www.lavineltcins.com/seattle-long-term-care-insurance-agent/ to get some more info about Long Term Care Insurance Policies.

Medicare pays for expert nursing care in your home if the care is provided by a approved home health care agency, but you must be confined to your home, under the care of a doctor, and the care must be intermittent or part-time. Medicare does not cover housekeeping services, personal care services like help with bathing, dressing and other activities, meal delivery, or full-time nursing care in the home.