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Long-Term Care Medicare Rules

Many people think that Medicare will cover all of their long-term care needs. This is a brief synopsis of what Medicare REALLY pays!

Facts About Medicare and Long-Term Care

You must be hospitalized for three overnight stays for the condition that put you into the nursing home. The first 20 days at 100 percent of the Medicare-approved rate.
You must go into a Medicare-approved facility within 30 days of the hospitalization. All but $144.50 a day from days 21-100. In other words, you pay for the first $144.50 a day and Medicare pays the balance.
You must be getting doctor recommended "skilled care." Nothing after day 100.
You must be getting better.
For Home Health Care:
You must be getting doctor approved "skilled care."
You must use a Medicare-approved home health agency.
You must be homebound.

Note: Part A is free. Part B is $99.90 - $319.70 per month depending on income.

This material was created by National Financial Partners Corp., (NFP), its subsidiaries, or affiliates for distribution by their Registered Representatives, Investment Advisor Representatives, and/or Agents. This material was created to provide accurate and reliable information on the subjects covered. It is not intended to provide specific legal, tax or other professional advice. The services of an appropriate professional should be sought regarding your individual situation. Neither NFP nor its affiliates offer legal or tax services.

85693 7/12 (BP-15111-12) Copyright © 2012. All rights reserved.