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Medicare won’t cover costs associated with independent, retirement, or assisted living. Now, there are some plans that may provide some relief for those in need of help. Below we’ll discuss the services Medicare will cover and how you can pay for senior living.
Understanding Medicare Assisted Living Costs and Coverage
First, Medicare won’t pay for Assisted Living costs. The median annual cost of assisted living care is about $48,000 a year. When saving for retirement, it’s vital to consider saving for needing assistance with daily activities.
Does Medicare Cover Assisted Living
Now, Medicare can cover up to 100 days in a skilled nursing facility. But they won’t cover any additional days. So, while long term care doesn’t have coverage, in some cases, short term care does have coverage. Medicare covers intermittent nursing services that occur less than seven days a week, or less than eight hours a day, for 21 days or less. Although, if a doctor can give an accurate end of care estimate date, Medicare may cover for a longer time.
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How to Pay for Assisted Living with Medicare
Insurance Can Help Cover the Cost of Assisted Living
While Medicare can’t help cover Assisted living, life insurance, or long term care insurance can help! If you would like more information on your Medicare options, give us a call. We’re more than happy to answer any questions you have about your benefits and eligibility. We can provide you with plan comparisons in your area that include benefits for supplemental home healthcare. Give us a call at the number above or use our rate comparison form to see rates now.