Long-term care, dental care, hearing aids, and eyeglasses are not covered by Medicare supplemental Plans (Medicare Plan C) and each person needs his or her own policy, because they do not cover more than one person. Medigap has 12 plans covering a range of medical issues that Medicare and Medicare Supplemental Plans do not cover; however, some of the most expensive needs are only partially met, or are not covered at all. If you are unable to care for yourself and need long-term care, your best and maybe your only hope is Medicaid; however, you must have exhausted all funds and be impoverished to qualify for the Medicaid program.
Medigap Plan A only covers some of the expense for some of the most expensive care, such as long-term care, foreign travel emergency, or unlimited prescription medications. Medicare Plan D does cover prescriptions for those under the poverty level, but there are half a dozen codicils to the plan that makes it difficult to meet the requirements. Medigap Plan J covers most expenses but has a high deductible, which leaves one to reconsider the possibility of Medicaid. Medigap Plans are Medicare Supplemental Plans offered through AARP and they vary from state-to-state.
As a last ditch effort, anyone that owns a home and has assets can sign these over to the government in exchange for nursing home care. If you’re married, your spouse will be allowed to live in the residence. Once the spouse dies, the government allows two years from the date of their death for the family to clear the residence of all personal items, and then they take ownership. The only other choice is to do nothing and wait to see what happens, but it’s not recommended.