MedicaidMany families and individuals find themselves facing a significant challenge trying to pay for quality senior healthcare. If this sounds familiar, know you're not alone. Planning for senior healthcare is not something many people really consider until the time comes. Many families resort to cashing out retirement funds or savings accounts to make sure their loved ones are comfortable and cared for well.

Before you make any major financial decisions, educate yourself about the options available to you, and lean on us for help.

Here is a quick overview of some of the resources designed to make senior care affordable.

Medicare is federally-sponsored health insurance for everyone over the age of 65. It is also available to people under the age of 65 with qualified disabilities. Like most forms of health insurance, Medicare covers temporary hospitalization, medication, visits to the doctor, and similar services. It is important to note that Medicare does not typically cover assisted living, but can pay for skilled nursing and home health care.

Medicaid is government-sponsored health insurance designed for long-term care needs. The amount of coverage an individual receives is based on their financial situation and may require you to cover most or all of the healthcare costs until your assets are depleted. Then your Medicaid benefits will kick in to provide for the rest of your needs.

Veterans Aid
If you are a wartime-veteran of the United States Military, you may be eligible to receive assistance from the U.S. Department of Veterans Affairs. Veterans Aid covers healthcare, long-term care, basic needs, home healthcare, and other forms of assistance. Veterans Aid is based on your need and financial situation.

Other options
Outside of these government-sponsored solutions, there are also private avenues like reverse mortgages, life insurance settlements, annuities, and trusts that can provide for long- and short-term care for seniors.

No matter what your situation, you can lean on the Embassy Healthcare team to help you navigate this process. Our administrative staff is well-versed in insurance benefits, financial assistance, and other solutions for residents and their families. Give us a call today at 888-975-1379 to get started.