Long-term Care Payment Options

(2015) Long-term Care Payment Options. Aging, Department of (Elder Affairs, Department of)

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Abstract

As the population ages, many of us will be faced with the prospect of moving either ourselves or a loved one into a long-term care setting (nursing home, assisted living facility or elder group home). Whether the decision comes up suddenly following a hospitalization or gradually as care needs evolve, the question of how to pay for long-term care is certain to arise. Some people mistakenly believe that Medicare will pay for their long-term care stay, but while Medicare will pay for hospital costs and skilled nursing facility stays, it does not pay for long-term care. Rather, possible payment options for long-term care include private pay, Medicaid or long-term care insurance or veterans benefits.

Item Type: Other
Keywords: aging, old, elder, nursing, facility, Medicare, Medicaid, long-term, resident, payment, benefit, Title XIX, insurance, care costs,
Subjects: Business and industry > Insurance
Business and industry > Insurance > Health insurance and health care coverage
Business and industry > Insurance > Health insurance and health care coverage > Medicare
Health and medicine
Health and medicine > Healthcare
Health and medicine > Healthcare > Nursing homes and assisted living facilities
Health and medicine > Health insurance and health care coverage
Health and medicine > Health insurance and health care coverage > Medicaid
Health and medicine > Health insurance and health care coverage > Medicaid > Medicare
Social issues and programs
Social issues and programs > Aging
Social issues and programs > Aging > Medicare
Social issues and programs > Aging > Nursing homes and assisted living facilities and reports
ID Code: 21962
Deposited By: Pat Wyatt
Deposited On: 27 Apr 2016 12:18
Last Modified: 27 Apr 2016 12:18
URI: http://publications.iowa.gov/id/eprint/21962