Can I Receive Medicaid and Medicare Coverage At the Same Time?
Receiving Medicaid and Medicare services at the same time.
Retirees often ask the question: can I receive Medicaid and Medicare services at the same time? The answer is yes. However, it is important to clear up any misunderstandings regarding both programs. Medicare itself is a national health insurance program that workers partially fund during their working years via what's collectively called the payroll or FICA tax. Upon obtaining age 65, people begin to receive medical coverage through Part A of Medicare which covers certain hospitalization costs, Part B which covers out-patient medical services. Retirees can opt for their medical services to be handled by an insurer in what's known as Part C of Medicare. Prescription drugs are covered under Medicare Part D. Medicare itself is a broad set of services. Every retiree gets Medicare coverage. However, some seniors require additional medical services which are not covered under Medicare. Important services such as nursing home care or personal care are not covered under Medicare. People can prepare for the eventual use of those services by purchasing a long-term care insurance policy.
What Happens If I Neither Qualify for Nor Can Afford Long-Term Care Insurance and Need Nursing Home or Personal Care?
As beneficial as long-term care insurance is, not everyone can qualify for it nor afford it. The federal and state governments provide those services for the needy in what's called Medicaid. Unlike Medicare, Medicaid is granted on a needs basis and each state has their own guidelines. However, it's important to understand that Medicaid and Medicare services are not mutually exclusive. On the contrary, Medicaid and Medicare services are complementary and designed to work with one another for those who need it the most. If you're facing the need of those additional services not covered by Medicare please contact your state's Medicaid program for details on how to apply. The government's website: www.medicare.gov is an excellent place to get information on Medicaid and Medicare services.