Does Medicare pay for custodial care?
No, Medicare pays for skilled care only. If you need Custodial Care, Medicare will not cover those expenses. Does my Medicare Supplement insurance cover any long-term care cost? Your Medicare Supplement policy will help with deductibles and co-pays for Medicare approved expenses. If Medicare doesn’t pay, your Medigap or Medicare Supplement will not be required to supplement. For more information click Medicare Supplement Plans. Will I have to use my personal assets? Yes, as you can see in the above table many of those receiving care used their own personal assets. Is Medicaid an option? Only if you have “spent down” your assets to poverty levels and would like to have no control over the choice of long-term care services. This is a last resort for paying long-term care expenses. Here are some rules and regulations on how to qualify for Medicaid. What are my options for paying for long-term care? There are basically 3 ways to pay for long-term care…
