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Thread: Medicare's Limited Coverage on Long Term Care

  1. #1
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    Default Medicare's Limited Coverage on Long Term Care

    Medicare's coverage on long term care is very limited. Why?


    - After a hospitalization of at least three days and three nights, Medicare will cover a portion of the cost of care in skilled nursing facility for up to 100 days.


    - If the care you are receiving is considered custodial (and 85% of nursing home care is) rather than skilled medical care, then your stay is not covered. No matter what, after 100 days, Medicare stops paying and you must shoulder the expenses now


    So Will Medicare pay for long term care?



  2. #2
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    Long-term care insurance coverage can vary widely. Some policies may cover only nursing home care and Others may include coverage for a whole range of services like care in an adult day care centre, assisted living, medical equipment, and formal and informal home care.

  3. #3

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    This is true, Medicare only provide limited long term care coverage, the very reason why people find themselves with huge debts once they start receiving care. This scenario is unavoidable but only if people have planned for their future and purchased long term care insurance earlier. Some might answer in defense that it is expensive and they can't afford it. It is expensive by nature but by talking to an ltc specialists, you will find out that there are effective ways to cut your premiums. You can decrease your premiums by comparing average ltc insurance quotes and benefits, and also by purchasing early. With the help of this type of coverage, you can be sure that all your ltc expenses will be covered and you can finally have a peace of mind while receiving long term care.

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    So it means a person have to but the insurance early to be able to cover the longer stay in the hospital if it happens. The earlier the better and I hope insurance agent inform people about this so that in the near future they well be able to buy early.


    https://www.youtube.com/watch?v=QDnf...ature=youtu.be

  5. #5
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    Quote Originally Posted by Bea View Post
    So it means a person have to but the insurance early to be able to cover the longer stay in the hospital if it happens. The earlier the better and I hope insurance agent inform people about this so that in the near future they well be able to buy early.


    https://www.youtube.com/watch?v=QDnf...ature=youtu.be
    Bea, when we are talking Long Term Care we are not talking hospital stays but care in someplace like a Skilledcare Unit or even care in our own homes.
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