Most people think that Medicare will cover Long Term Care stays in Nursing Homes or would pay for caregivers in the event that they were home bound. This is somewhat true, but mostly not true. In general, Medicare will cover you, but for a very limited period of time. What's more, I believe (as do many other people) that Medicare is not going to last long enough to help the bulk of South Carolinians.
What will Medicare cover - if the sun and the moon and the stars all align correctly, this particular government run plan would cover you IF you needed SKILLED care, up to 100 days, WITH a co-pay. Once that 100 day period of time is over, you would have NO coverage if you didn't have your own insurance policy. Skilled care is generally not what a doctor will prescribe after a certain amount of time anyway - what most people come to need is CUSTODIAL care, given by a minimally trained caregiver.
What about the new Health Care Overhaul (Obamacare) - this, as you may know and understand, is still on the chopping block. What will exactly transpire and what we as citizens actually wind up with remains to be seen. From what we can gather so far though, employees will soon have an OPtion to purchase long term care insurance coverage with no questions asked as to their health history (insurability). What kind of a policy do you think you'll get if the insurance carrier does not mind that you have debilitating arthritis? A weak one, run by the government...think Health Department...think Department of Transportation ticket lines.
You need your own LTC Policy - one that you control, you pay fair market, actuarily sound premiums for that will cover you sufficiently when the time comes. After all, we are all still living longer! But will this long life be without the need for caregivers who cost money?
Looking forward to helping you find the right policy - no charge - call me or email me any time for a free quote:
I am, Ashley Brooks, http://www.ashleybrooks.info/ , (803)331-5323
No comments:
Post a Comment