A common source of confusion for families facing long-term care decisions is the difference between Medicaid and Medicare. Medicare is federally operated medical insurance providing health care coverage to certain people (usually older people and those who have been determined to be disabled). Unlike what many people have been lead to believe, Medicare does not cover long-term care in a nursing facility.
On the other hand, Medicaid is run by individual states with significant funding and oversight by the federal government. Medicaid is the main source of payment for long-term care for most Americans. However, this coverage is not automatic. In order to receive long-term care coverage from Medicaid, you have to show that you need that type of medical care and that your personal assets are below a certain threshold.
At Wallace Boggs, PLLC, we understand that long-term care decisions are some of the most important decisions you will ever make for yourself and your family. Whether you’re facing long-term care needs or you’re helping a loved one with the decision, we can help guide you through the process. Please contact us today to set up an appointment to discuss your needs.