![]() ![]() VA benefits can be used to stay in non-VA nursing homes, VA nursing homes and state veterans homes. Prospective nursing home residents need to be signed up for VA health care to be eligible for coverage. The VA also offers quite a few services dedicated to helping veterans figure out their options and coverage levels. Using your VA benefits is a good idea because they’re very comprehensive - coverage for long-term care (LTC) services include nursing and medical care, physical therapy and help with daily tasks. VA benefits If you’re a veteran, benefits from the Department of Veterans Affairs may help cover the cost of a stay at different senior living options, including: Medicare Advantage nursing home coverage is not included in Original Medicare. If you have a Medicare Advantage Plan (Part C) or other government health plan (like an HMO or PPO), check with your provider to find out if there’s any available coverage. That said, Medicare can still help cover other costs while you or a loved one is in a nursing home, such as medical services, prescription medications and hospital stays. For example, nursing home coverage is not included if you only need custodial care. Medicare Medicare Part A can cover a portion of short-term inpatient stays, like intensive rehabilitation, but its coverage is otherwise fairly limited. Payments can be complicated with Medicaid because there are deductions and income limits to keep in mind, so many people choose to work with a Medicaid planner to figure out their options. In most cases, the more help they need, the more likely they’ll be eligible for Medicaid coverage. Each state also sets its own “Nursing Home Level of Care” that dictates how much care someone needs and how it affects their Medicaid eligibility. However, Medicaid usually won’t cover medical services outside of the facility itself. If you are eligible for Medicaid support, it should cover 100% of the cost of care in a nursing home. (Some states have different names for Medicaid programs, such as Medi-Cal in California and MassHealth in Massachusetts.) In many areas, Medicaid is an option to pay for skilled nursing care for individuals making less than about $2,500 per month. However, you must meet the government’s financial eligibility requirements to qualify.Įach state has different financial and care requirements. Medicaid Medicaid is an option to pay for nursing home care in all 50 states. Most people afford nursing home care by combining a few of the options below. Nursing home stays can be expensive, but there are many different payment options for residents and their families. To learn more about your different options, compare the differences between assisted living, nursing homes and home care. ![]() You should also factor in any specialized needs, like care related to Alzheimer’s disease or dementia, which can cost an additional $1,000 to $4,000 each month.Ĭost considerations are an important part of elder care planning. For instance, in-home care costs vary based on how often you or your loved one needs assistance, ranging from a few hours a week to live-in care. Nationwide average costs for these services range from about $24 per hour to more than $8,000 per month, depending on your payment schedule. Meanwhile, assisted living and in-home care are both alternatives to these traditional skilled nursing facilities (SNF). Think of it this way - “nursing home” is actually somewhat of an umbrella term that can refer to rest homes and similar facilities. If you’re comparing senior living options for yourself or a loved one, you have a few to choose from. ![]()
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