Medicare and long term care coverage
What does Medicare cover?
Medicare will pay the cost of some skilled care in an approved nursing home or in your home. The skilled nursing facility (SNF) benefit only covers you if a medical professional says you need daily skilled care after you have been in the hospital for at least three days and you are receiving that care in a nursing home that is a Medicare-certified skilled nursing facility. While Medicare may cover up to 100 days of skilled nursing home care per benefit period when these conditions are met; after 20 days $128 per day.
What does Medicare not cover?
- Medicare's SNF benefit does not cover most nursing home care.
- While many people would like to receive care in their own homes, Medicare does not cover homemaker services.
- Medicare doesn't pay for home health aides to give you personal care unless you are homebound and are also getting skilled care such as nursing or therapy.
Covering the gap
Medicare may not be the appropriate solution when paying for long term care services. Long term care insurance can provide more choices and gives you the flexibility to meet your long term care needs. See how Genworth can provide a comprehensive long term care insurance policy.