Tag: cleveland long term care planning attorneys

What is the Difference Between Medicare and Medicaid


Differences between Medicare and Medicaid at a glance:

Medicare: Federal health insurance, administered by SSA.

  • To be eligible,
    • You or your spouse must have paid into the Medicare system for at least ten years.
    • You must be 65 or older unless you have a disability or permanent kidney failure.
    • You must be a citizen or permanent resident of the United States.
  • No income requirements.
  • May have premiums, copays & deductible.
  • To enroll:
    • If already receiving SS or Railroad benefits before age 65, then automatically enrolled in Part A & Part B.
    • If not receiving, should contact SSA three
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Medicare Basics


There are 4 parts of Medicare:

  1. Part A– Hospital Insurance: Covers inpatient care in hospitals, limited days in skilled nursing facilities, some home health care, and hospice care. The premium is free for most, others must purchase. There is a deductible and co-payments that generally increase each year.
  2. Part B– Medical Insurance: Covers doctor services and outpatient care, other medical services that A doesn’t cover like physical and occupational therapists and some home health care. Most people pay a monthly premium. Requires you to pay a deductible and 20% co-insurance
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The Big 3 Fears of Aging and What You Can Do About it.

 What are your biggest fears as you face aging? The following are 3 widespread aging fears that you may be struggling with:

1.  Running out of money.

2.  Becoming a burden to your family.

3.  Losing control of your life, ie. being forced to move into a nursing home.

What can you do to quash these fears?

Step One is to take stock of your situation.

1.  Finances- Take a piece of paper or spreadsheet and list your assets, debts, and income.

2.  Health- Do you have any current health problems or, given your family history, do you have any health expectations?

3.  Goals- What lifestyle do you envision?… Read the rest