Medicare Part B
After Selecting the Senior Living Facility or Service you or a loved one needs the next step is determining how to pay for those services. There are generally five types of financial coverage for senior healthcare services: Medicare (including Medicare Advantage Plans), Medicaid, Long Term Care Insurance, Private Insurance and Private Pay (personal funds).
Medicare Part A
Medicare Part A: This portion of the Medicare program pays for both hospitalization and some nursing home care. Read more
Medicare Part B
This portion of the Medicare program must be purchased through a deduction from your Social Security earnings. You will know the coverage is in force if the words "Medical Insurance" are typed on your Medicare card. Read more
Medicare Part C (Advantage Plans)
Medicare advantage plans or Medicare Part C are health plans offered by private health insurance companies. All of your Medicare Part A and Part B benefits will be provided through a private company not by Original Medicare. Read more
Understanding Long Term Care Insurance
Navigating the complexities of long-term care insurance (LTCI) can be tough. There is a gap between purchase and claims plus family is often filing on behalf of a loved one. Making it worse, every policy is different. Read more
Private Insurance
Some insurance plans may cover a portion of nursing home costs. Read more
Private Pay
Personal Funds/Private Pay If you do not qualify for Medicare/Medicaid benefits, you may enter any nursing home on a private pay basis. Read more
