Medicare is the national social insurance program issued by the United States government that provides health care once a citizen reaches the age of 65 or older. While Medicare is something that many seniors look forward to, thinking they will have more of their medical expenses covered. In reality there are many things that may not be covered.
Medicare is a short term policy for medical illness or injury. If you end up in the hospital with complications from a stroke, Medicare will be there to cover some of the costs. It will pick up much of your time and costs within the hospital, and even some of the time at a nursing home or care center while you recover and move through rehabilitation. Yet in won’t cover long term costs, and your payments will cease once the allotment runs out.
Medicare does not cover indefinite stays within a care facility, and will not cover nursing homes for the disabled, or for those who no longer can care for themselves. Once you reach this decision, all further costs will be paid out of pocket, or through long term care insurance if you’ve purchased it at a younger age.
What will Medicare cover?
Skilled nursing centers – Medicare will pay for recovery at a skilled nursing center after a three day hospital stay, and will cover a maximum of 100 days in the nursing center. As soon as the center deems you no longer need care, Medicare will stop paying. [Read more…]