Community Medicaid is a program that covers the cost of care that is provided in the home to help individuals and their families pay for a home health aide as well as necessary medical supplies. To qualify for Community Medicaid an applicant may have no more than $15,150 in assets. Community Medicaid does not have a look back period, which allows an individual to be eligible for benefits within one month of applying. In addition, the $15,150 does not include qualifying retirement accounts where the individual is taking monthly-required distributions. A primary residence is exempt, as well as an irrevocable pre-paid funeral. In addition, an individual may have no more than $845.00 in monthly income. Continue reading “Medicaid Can Cover the Cost of Supplies and Equipment”
Senate Republicans continue to push for legislation to repeal and replace the Affordable Care Act. The Graham-Cassidy bill is sponsored by Senator Lindsey Graham, from South Carolina and Senator Bill Cassidy, from Louisiana. Although the bill is still lacking 50 votes needed, it is important to understand the effects it may have on health care. Continue reading “Graham-Cassidy Proposal Puts Medicaid Coverage at Risk”
Deciding on the right type of long-term care for a family member or loved one may be overwhelming. There is a lot to consider throughout the process and in deciding which is the best level of care necessary for that particular individual. The following are different types of care available that may suit an individual’s needs: Continue reading “Finding A Care Facility That Is Right For Your Loved One”
Many people share common concerns as they reach retirement age: Will they have the ability to remain independent in their homes without intervention from others? Are they going to be able to maintain good health and receive adequate health care? Will they have enough money for everyday needs and not outlive their assets and income? Despite the fact that thousands of Americans are concerned with these aspects of aging, many have failed to develop adequate long-term care plans that specify which services they will need and how they will pay for them. Unfortunately, many Americans also share common misconceptions about long-term care planning that may be factors in why individuals fail to establish a properly executed long-term care plan prior to when they need the services. Continue reading “Common Long-Term Care Planning Misconceptions”
On December 2, 2016 Governor Cuomo signed a bill which will increase the level of care that the nearly 300,000 home health aides across the state will be able to provide. If a home health aide completes additional training, they will be able to administer medications and monitor equipment for people in need of professional care at home. With the need of home health aides continuing to grow, the possibility of further advancement may encourage more people to enter the profession. Continue reading “New York Implements New Home Health Aide Law”
Many Americans have taken the information provided by programs like Medicare as a catch-all to answer their financial questions, but are they right in assuming programs like these will take over the majority of their loved ones’ financial burden? Continue reading “Are Your Long-Term Care Expectations Realistic? Separating Fact from Fiction”
With an estimated 20 percent of the United States population accounting for those 65 and older by 2030, the American Geriatrics Society (AGS) is focusing on how to improve medical care in the geriatric community. One concern is the low number of doctors specializing in geriatric care. U.S. News and World Report-Health estimates that approximately 17,000 geriatricians are necessary to care for the growing elderly population, but that there is currently only about 7,500 or more certified in America.
One goal of AGC is to find additional funding to support medical students studying to be a geriatrician. One of the reasons why many graduating medical students choose other medical specialties is that private insurance has higher payouts. When it comes to Medicare and Medicaid, the reimbursement rates are lower. With high debt upon graduation, going into geriatrics may not be an option for new doctors. With more educational funding, the number of doctors entering the geriatric field is apt to increase.
Additionally, there is a focus on other skilled professional fields which care for the elderly. This includes occupational therapists, physical therapists, nurses, social workers, and home health care aids. Often these health care providers must work together to support an elderly individual who suffers from multiple chronic issues. With the elderly, often a more holistic approach is better because much of the medical care will focus on daily functionality, such as getting dressed and eating.
Understanding the options for an elderly loved one can be challenging. Applying for Medicaid and making sure necessary needs are covered can be a complex process. P&P Medicaid provides Medicaid application services. The company also provides a full range of geriatric care management services to help individuals and their families make decisions about and supervise their long-term care needs. Please contact P&P Medicaid Consulting, Inc. at (516) 541-4770 for more information.
In caring for an elderly loved one, it can be challenging to choose whether an outside long-term care option is best, or to offer care from within the home. Often, financial burdens and how much Medicaid will cover becomes a main consideration. Medicaid can cover both nursing homes and home and community-based services. Planning ahead and knowing what factors to weigh when choosing a long-term care plan is vital to reduce the stress on your loved one as they start requiring more assistance.
First, it is important to compare what Medicaid will cover for both home-based care services and institutional services. Medicaid offices, which are state run, set out eligibility for specific benefits. Professional agencies can assist you in understanding your various options.
After narrowing down available options, if it is best for your loved one to enter long-term care at a nursing home facility, there are resources to help you find the best location. To research the quality of life at a nursing home, you can contact the New York State Department of Health. This is the agency which investigates complaints and oversees health and safety standards in nursing homes participating in Medicaid.
Once you have compared the quality of the nursing homes in a given area, it is important to visit them and make sure they meet the care needs you are searching for. Comparing each home’s policy, such as visiting hours, how the staff treats the patients, and types of activities available, are all important in choosing the right facility.
Instead of a nursing home facility, you may choose to care for your loved one at home. This may require modification to the home, such as handicapped bathrooms and ramps. Hiring nurses and therapy aids may also be necessary, unless community adult day care is a better option. Medicare may not cover all of the necessary costs for home health care, so it is important to research all alternatives. Another alternative is to have an assisted living facility care for your loved one. However, Medicaid does cover this type of care.
Understanding the options for long-term care for an elderly loved one can be challenging. Applying for Medicaid and making sure necessary needs are covered can be a complex process. P&P Medicaid provides Medicaid application services. The company also provides a full range of geriatric care management services to help individuals and their families make decisions about and supervise their long-term care needs. Please contact P&P Medicaid Consulting, Inc. at (516) 541-4770 for more information.
Genworth Financial’s annual Cost of Care report, released on Thursday, April 9, 2015, shows that long term care costs continue to increase. Costs for elder care services such as an assisted living facility or a nursing home are dramatically rising, while costs for the services of a homemaker or home healthcare aide are increasing more gradually.
Over the past five years, the cost of care at an assisted living facility has increased 2.5 percent annually, while the cost for a private nursing home room has increased four percent annually. In 2015, the average annual cost for an assisted living facility is $43,200. As for a private nursing home room, it is $91,250.
To save money on long term care, homecare can be a less expensive alternative. For instance, homemaker costs and home healthcare aide services have only risen about 1.6 percent and one percent annually, respectively. The median hourly cost for a homemaker is $19.50, while the hourly cost for a home healthcare aide is $20.
If you have questions or concerns about long term care options for yourself or a loved one, contact P&P Medicaid Consulting at 516-541-4770. We assist in finding nursing homes, assisted living facilities and home healthcare aides, while advising our clients on ways to protect their income and financial resources.