AMC and You

AMC and You

In a land far far away, at least from my present location, my first management experience was the custodial care business, more appropriately called #Environmental Services.  I was taught most people tend to look out and down when they clean ignoring the details. The same can be said of one's present health conditions.  We tend to look at the present, not the future possibilities. When it comes to your Medicare, do you have Alternate Means of Coverage?

What do I mean?  

Watch the Video!

If you watched the video you discovered, Medicare will cover medical expenses, if they are both #MEDICALLY NECESSARY  and #MEDICARE APPROVED.  Let's say you needed more care after your 100 days of skilled nursing, you could be responsible for the cost.

Know the terms

More importantly, it is essential to be aware of the terms that describe qualifiers.  Being kept for observation is not considered an admission.  Therefore, if you were not been admitted to the hospital for 3 days or more, you may not qualify for skilled nursing.

Know the types and costs of available care 

If you become afflicted with #Alzheimer's or had other medical issues, you may want home health care. The family will cover that? It could last up to 20 years and gets progressively worse over time.  Will the family last that long? For an estimate of the cost for long term care types and
their costs go to https://www.genworth.com/aging-and-you/finances/cost-of-care.html.

Know when you may need more Alternate Means of Coverage

Typically, the reasons one needs Alternate Means of Coverage are numerous. Some of the primary reasons are:  

• Stroke
• Cancer
• Injury induced by fall or other activity
• Dementia, Alzheimer's, or other mental illness
• Diabetes
• Obesity
• Nervous system disorders (ex. Parkinson's Disease, Multiple Sclerosis)

While these may occur at any age, as we get older the chances of their occurrence increase. 

Know the statistics

If you are like most people, today you are probably thinking this won't happen to me! It doesn't hurt to know the odds and be aware of them rather than ignore them and be unprepared.

As you discovered, this was about getting over the misnomer of long term care.  These days going to the "old folks" home or "nursing home" is not the extent of long term care.  The types of care we need are as varied as the events in life that cause them.  For more information go to my website and select the video of your interest.