As we enter Medicare open enrollment season remember: Medicare NEVER pays for LONG-term care! It may pay for SHORT-term care, but only IF it is skilled & rehabilitative.
Medicare - in any form or with a supplement - should NEVER be relied on as a funding source for true, long-term, custodial, extended care needs!
100-days in a nursing home is still SHORT-term care! (And Medicare only pays about 21 days on average - 100 days are the MAXIMUM possible, but not guaranteed.) For home HEALTH care (requiring skilled/rehabilitative services), Medicare only covers ONE-hour "visits" and no more than about 3 times per week! The practical limit is just one or two months.
Medicare is health insurance, NOT long-term care coverage. Just like during working years health insurance does not provide disability income replacement!
Absolutely, review your Medicare coverage options this open enrollment season! But if you don't have a plan for long-term, custodial, extended care, let me know, I'd love to help you design and implement LTC insurance coverage for you! CLICK HERE to contact me for more information or to request a LTC insurance quote.
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