Medicare does not pay for assisted living or nursing home. It will provide some short term rehab services in a nursing home but it is not designed to pay long term. To receive nursing home benefits you must be hospitalized at least three days not counting day of discharge, and need skilled care that can not be provided at home related to the reason you entered the hospital. Medicare will only pay up to 100 days.
Medicare is not intended to help pay for assisted living. Medicare part A covers hospitalization, part B covers doctors services and medical supplies, and part D covers prescription drugs. Approved medical procedures delivered in an assisted living setting may be covered by Medicaid.
However the cost of support for your activities of daily living would not be covered. Medicaid provides this coverage, but only after assets are spent down to under $2,000.
Medicare only pays for skilled care for a limited time following a hospitalization for the same condition that caused the need for skilled care. In other words, Medicare does not pay for assisted living costs (except for medications, doctor appointments, and other Medicare approved expenses that it would approve no matter where you lived).
Most Long Term Care Insurance policies now cover assisted living. So purchasing LTCI can not only save you money, but can provide freedom in choosing your place of residence when you are unable to live independently.
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However the cost of support for your activities of daily living would not be covered. Medicaid provides this coverage, but only after assets are spent down to under $2,000.
Most Long Term Care Insurance policies now cover assisted living. So purchasing LTCI can not only save you money, but can provide freedom in choosing your place of residence when you are unable to live independently.