Williamsville, NY (PRWEB) September 06, 2012
Simplified Solutions of WNY LLC, a trusted resource for senior citizens in New York, recently offered key information to educate the elderly and their families on the key differences between Medicare and Medicaid. Although both programs are part of the Social Security Act, there are several key differences in what each program will cover.
Medicare, a federally funded health insurance program, provides health benefits to older Americans and to disabled individuals who have met specific disability guidelines. For older Americans needing long-term nursing home care, Medicare only offers very limited assistance for a maximum of 100 days, which requires a prescription from a physician for skilled care and a daily co-pay after the first 20 days. Medicare is more beneficial for home care benefits.
Medicaid, an assistance program designed to assist low income individuals of all ages with medical costs, is the primary government funding source for older people who need long-term nursing home care. Many people who have Medicare coverage also qualify for Medicaid because of their low income status. In this case, Medicaid will often cover deductibles and co-payments that would otherwise have to be privately paid. However, funding long term nursing home care using Medicaid requires some pre-planning and many families turn to a service that will help them navigate the complex application process.
"Medicaid planning in advance can and will always turn out better than waiting until a loved one falls ill and is facing a forced spend down of their assets to pay for care," said Margie Cannon-Zdrojewski, Elder Services Consultant at Simplified Solutions of WNY LLC. "If you do wait then there is still a good chance of sheltering about 50% of your assets, but sheltering up to 100% is better than 50%! So seeking out an expert who specializes in Medicaid Planning can be a huge help to you and your family members."
Simplified Solutions of WNY ensures that every facet of the Medicaid Application process is done accurately. They specialize in helping clients navigate the complex nursing home Medicaid application process, so clients can focus on the emotional needs of their family. For further information about all of the elder care services that Simplified Solutions provides, visit their website at http://www.simplifiedsolutionsofwny.com. To schedule a free consultation, call 716-908-1608.
About the company:
Simplified Solutions of WNY provides a focused, informed approach to the elderly, while maintaining their privacy, independence and dignity. Their number one goal is to provide our clients and their loved ones with a sense of security, trustworthiness, and peace of mind. They help their clients navigate through everyday challenges of independent senior assisted living, those who are living in retirement communities, and all living situations in between - their services target not only day to day responsibilities, but also those that are specific to insurance matters. Simplified Solutions of WNY is the Buffalo Areas best choice for assistance with the Medicaid Application Process and Veterans Aid & Attendance pension benefits. For more information visit their website at http://www.simplifiedsolutionsofwny.com.