For those heading into their retirement years, Medicare is one of the biggest points of worry that they experience.
Medicare is a publicly funded health insurance made especially for senior citizens and people that are no longer able to work because of disability. In a way, it’s supposed to relieve the worries about not having insurance through an employer anymore. Unfortunately, this isn’t always how it works out in reality. Medicare is a big thing and quite complex. Even though it provides some coverage for medical expenses, it’s not always quite clear what exactly is covered and how much of the actual costs the policy will actually pay.
The fact that people worry about Medicare does make sense. Basic Medicare is quite cheap, but it covers very little. If you want more comprehensive coverage, a Part C policy is going to be needed. A complete overview of Part C would take hours to read through, and that’s not necessarily the focus of this blog. If you would like to learn more about this, please feel free to do your own research. You can get started here.
There are a couple ways to approach the cost of medical expenses as you age. The first is to plan ahead. For many people, this is very obvious to say, but a lot harder to do. Of course you want to save money and ensure that you have the right insurance policies in place. However, there are a variety of reasons why this can’t or won’t occur. Saving money isn’t always a possibility for people.
However, knowing that this needs to be done ahead of time, even if it’s not possible, can also lead to better outcomes for seniors. It provides a roadmap of what to expect and a knowledge of what’s out there that can help.
This is why MediCal exists. MediCal is geared toward lower income individuals. MediCal covers a lot more than straight Medicare does, but it can often mean fewer choices for the individual in need.
The cost of senior care in general is one of the biggest roadblocks that seniors face when getting connected to the help that they need. This includes medical care, of course, but it also covers the concept of day to day living. Not everyone has the resources to pay for a nursing home or other type of care out of pocket.
This is one reason why in-home care is such an appealing alternative for seniors. The majority of the time, it’s much less expensive than nursing home assistance. It’s also fully customizable–much unlike the nursing home model. It has the potential to help a lot of people get the support that they need without the same financial burden and in a manner that doesn’t restrict their day to day freedom.
If you would like to talk about how in-home care might benefit your family, we are here for you. We offer a free consultation session that’s designed to answer questions about paying for care and how it can meet your family’s unique circumstances. Give us a call to get your consultation session scheduled today.
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