We don’t want you to feel like this guy when you’re paying for long-term care. We know it might feel like long-term care for you or a loved one costs an arm and a leg, but luckily there are several financing options that can help!
Medicaid is one option. If you qualify, Medicaid may be able to help you pay for rehab or long-term care costs. To apply, you should call your local Medicaid office. They will be able to tell you if you qualify or not based on a few questions. Be prepared to answer some health-related questions and shortly after your call, you will find out if you qualify.
If Medicaid is not an option for you, the Medicare Savings Program may be an alternative. What does the Medicare Savings Program allow you to do? Save money, of course! There are a few income qualifications with the Medicare Savings Program, and additional assets are considered, but it’s a good option to research if you’re struggling to come up with financing for care.
Looking specifically for long-term care? The Federal Long Term Care Insurance Program may be for you. If you or your loved one have severe long-term impairment, such as Alzheimer’s, you may qualify for this program. Federal employees who have Federal Employee Health Benefits (FEHB) also qualify for this program, which offers plans and premiums at varying price points to help pay for long-term care.
We get it. Financing long-term care is overwhelming and it can seem monstrous at first glance. At Invigorate Healthcare we will work with you determine a viable financing plan, because being healthy and cared for shouldn’t break the bank!