Understanding Medicare And Medicaid
Basic Medicare, known as Medicare Part A, is available to anyone who meets the eligibility requirements. It typically covers expenses associated with short-term hospital and skilled nursing facility stays, as well as limited home health care. It also covers medical equipment such as wheelchairs and walkers. Part A is generally provided at no cost.
By contrast, Medicare Part B is a voluntary program for which participants pay a premium. Also known as Supplementary Medical Insurance (SMI), this program helps people pay for doctor’s visits, outpatient hospital care, home health care and other services, as well as certain medications, prosthetics and medical equipment. Other Medicare plans, known as Part C and Part D, involve private insurance companies to provide many similar benefits.
It can be difficult to determine the proper strategy when making decisions regarding Medicare and Medicaid. The elder law attorneys at Lannik Law, LLC, help clients assess their situation and make smart choices in this area and other aspects of estate planning. Call 617-485-0193 to schedule a free consultation with our Needham estate planning attorneys.
Have Confidence In Your Medicare And Medicaid Decisions
Medicare and Medicaid are frequently confused. They are not the same. The biggest distinction is that Medicare does not cover long-term care. Medicaid does.
Medicaid is a federally funded health insurance program that covers the costs of long-term medical care for people over 65 and people with certain qualifying disabilities. The benefits and charges for accessing those benefits depend on the specific Medicaid program selected.
At Lannik Law, LLC, we assist people in obtaining Medicare or Medicaid as necessary, taking the proper steps to protect the assets of those who require long-term care coverage through Medicaid.
Medicaid planning is often a critical component of nursing home and long-term care planning. An experienced lawyer at our law firm can protect your assets from being diminished by the costs of long-term care, while protecting eligibility for government benefits like Medicaid. This is accomplished through the creation of trusts.
Let Us Review Your Situation
Whether you are planning for yourself or an elderly relative, we welcome the opportunity to review your situation with you and recommend an effective course of action. We can answer your elder care questions and explain your options during a consultation. Call 617-485-0193 or use our online contact form to schedule a meeting.