Medicare & Medicaid For You
At The Law Office of Shirley A. Derke, Esq. we would like to provide various information about qualifications for Medicaid. However, if you need to find out if you qualify for Medicare or Medicaid than contact Shirley A. Derke, Esq. NOW.
Medicare is a health benefit provided by the federal government that allows you to have coverage for:
Care provided by the hospital
A few limited benefits in a nursing home.
Qualifications of Medicare:
Age 65 and older
Eligible for Social Security Benefits
Exception: If you are under 65, but have disabled for two years.
Medicare will only pay for 20 days in a skilled nursing home (in limited circumstances, it may pay partial cost of next 80 days) and after 100 days you pay the entire cost of a skilled nursing facility. Whereas Medicaid will pay for the entire cost of a nursing home. An application at the Social Security office can help you start your Medicare benefits started.
Medicaid is a jointly funded, Federal-State health insurance program for low-income and needy people. It covers children, the aged, blind, and/or disabled and other people who are eligible to receive federally assisted income maintenance payments. Medicaid Planning is the arrangement of your assets allowing you to qualify for Medicaid assistance in the event that you require long-term nursing home care and to preserve your financial assets for your well spouse and/or family members.
Qualifications of Medicaid Planning:
You must submit a multiple-page application
Provide detail proof of all your financial transactions (i.e. banking, CD’s, stocks, etc.) of the previous 60 months.
Your income or assets must not exceed the qualifying limits.
Would YOU need Medicaid Planning?
When it comes to Medicaid – there are extensive qualifications, but many exceptions. Hospitals and nursing homes will offer to see if you can qualify for Medicaid, at no charge. However, they will not have all the legal knowledge necessary to advise you on how to protect your assets and still qualify for Medicaid.