This is a question I was asked recently, so I thought I’d write a blog about it. But first, you might want to know what exactly is skilled nursing care?
Medicare defines skilled nursing facility care as skilled nursing care and rehabilitation services provided on a daily basis, in a skilled nursing facility. Examples of skilled nursing facility care include physical therapy or intravenous injections, which can only be given by a registered nurse or doctor.
Medicare Part A and Medicare Part B are otherwise known as Original Medicare.
Under Original Medicare, the government pays directly for a portion of the health care services you receive. You can see any doctor and hospital that takes Medicare (and most do) anywhere in the country.
Below is a brief summary of health care expenses that Part A and Part B covers.
There are many good reasons someone would choose a Medigap (aka Medicare Supplement) plan. Among them is FREEDOM of CHOICE.
With a Medigap plan, there are no networks, which means you are free to see any provider who accepts Medicare. No referrals are needed. Even if you want to see a specialist.
Since women live longer than men, putting long term care coverage in place is a crucial element of a sound retirement plan. This is one way we can be sure we don’t outlive our money should we have a lengthy long term care incident.
At the risk of sounding cliché, when it comes to signing up for Medicare, timing is everything. Therefore, it’s absolutely crucial that you don’t miss an important window of opportunity. The following timeframes will help you get it right, so you can avoid potential lifelong penalties.