Medicare or Medicaid: Senior Care & Nursing Home Costs
What does Medicare cover?
Medicare is divided into four different parts. Part A covers in-patient and hospice care. Part B covers outpatient services. Part C grants plans that lower the government costs while still allowing patients to choose the benefits that meet their needs.
Part D covers prescription drugs. Medicare can also cover rehab stays in nursing homes for short periods after injuries or surgeries. Rehab and therapy at home may also be covered for a restricted period of time if ordered by a doctor.
What doesn't Medicare cover?
Medicare doesn’t cover assisted living, long-term care at a nursing facility, residential care homes, or any long-term care.
What is Medicaid?
While Medicare is a Federal program, Medicaid programs can vary depending on the state. Medicaid pays benefits directly to the provider and is the primary source of health insurance for low-income people.
Medicaid can cover long-term care in nursing homes and is the primary way nursing home residents pay for their stays. Only those who are low-income or how have already exhausted their own savings and retirement money can qualify for Medicaid programs.