No, Medicare primarily serves as a medical insurance scheme that defrays expenses associated with sickness and injury treatment (and preventive measures to a certain degree). If recommended by a physician, it will contribute to paying for a maximum of 100 days in a rehabilitation facility or skilled nursing attention following a severe health event. However, prolonged periods, such as indefinitely residing in a nursing home, fall outside its purview.
What about Medicare Advantage?
You ought to verify if any Medicare Advantage plans available locally offer a modicum of aid for caregiving. It is possible to locate a plan that underwrites the costs of meal delivery or the fixation of safety handrails. A handful of the so-called special needs plans might provide some support services within the home. Should a Medicare Advantage plan carry a five-star grade, you hold the option to enroll in it at any time beyond the regular sign-up window.
What about Medicaid?
Medicaid provides financing for extended stays in nursing facilities, but this is strictly for individuals facing financial hardship, with minimal income and savings, who struggle with basic everyday activities such as clothing or eating themselves. According to Gleckman, a reasonable benchmark is that you’re probably eligible for Medicaid if your monthly earnings do not surpass $750 and your financial resources are below $2,000 (excluding your house).
