How can I pay for nursing home care in Ohio?
How can I pay for nursing home care in Ohio?
Medicare generally doesn’t cover long-term care stays in a nursing home. Even if Medicare doesn’t cover your nursing home care in Ohio, you’ll still need Medicare for hospital care, doctor services, and medical supplies while you’re in the nursing home. HealthPro Consultants can guide you on what nursing home care Medicare does cover, and how Medicare prescription drug coverage (Part D) works if you live in a nursing home or other institution. Contact us today.
Most people who enter nursing homes start paying for their care out-of-pocket.
There are several other ways you can pay for nursing home care in Oh. Here are some of the options you can consider for your nursing home care payments.
Medicaid
Medicaid is a joint federal and state program that helps with medical costs for some people with limited income and resources. Most health care costs are covered if you qualify for both Medicare and Medicaid. Most, but not all, nursing homes accept Medicaid payment. Even if you pay out-of-pocket or with long-term care insurance, you may eventually “spend down” your assets while you’re at the nursing home, so it’s good to know if the nursing home you chose will accept Medicaid. Ask the nursing home management if they accept before making the decision to stay there.
Medicaid programs vary from state to state. Most often, eligibility is based on your income and personal resources. Many states have higher Medicaid income limits for nursing home residents. You may be eligible for Medicaid coverage in a nursing home even if you haven’t qualified for other Medicaid services in the past.
To get more information on Medicaid eligibility in your state, call Ohio HealthPro Consultants nursing home care experts.
Long-term care insurance
This type of insurance policy can help pay for many types of long-term care, including both skilled and non-skilled care. Long-term care insurance can vary widely. Some policies may cover only nursing home care, while others may include coverage for a range of services, like adult day care, assisted living, medical equipment, and informal home care.
If you have long-term care insurance, check your policy or call us to find out if the care you need is covered. If you’re shopping for long-term care insurance, find out which types of long-term care services and facilities the different policies cover. Also, check to see if your coverage could be limited because of a pre-existing condition
Federal employees, members of the uniformed services, retirees, their spouses, and other qualified relatives may be able to buy long-term care insurance at discounted group rates. Reach out to get more information about long-term care insurance for federal employees.
Personal resources
You can use your personal money and savings to pay for nursing home care in Ohio. Some insurance companies let you use your life insurance policy to pay for long-term care.
Make sure you buy insurance from a reliable company that’s licensed in your state. At HealthPro Consultants, we are a licensed Financial Marketing Organization in Ohio. We will take care of all your nursing home care needs in Ohio. Contact us now.