Medicaid wants their money back Medicaid is a program that pays for healthcare for people with limited income and assets. It helps low-income seniors by paying for services that aren’t covered by Medicare, like nursing home care and personal care services. If your senior is on Medicaid, you need to know that after their death the state Medicaid program can try to…
Understand Medicare vs. Medicaid to get maximum benefits Medicare and Medicaid can be confusing, partly because the names sound so similar. But they’re two very different government healthcare programs. Medicare focuses on adults age 65 and older and Medicaid focuses on low-income individuals and families. The benefits, costs, and eligibility requirements are different for each program. Neither program has automatic enrollment so…
Prescription medications are a significant cost for most seniors. That’s especially true if they fall into the Medicare Part D coverage gap known as the “donut hole.” That’s when drug costs can skyrocket because they’re not covered. FamilyWize shares 5 expert tips on how seniors can afford to pay for prescriptions when they’re in the Medicare donut hole. For many people,…
Assisted living or nursing care is expensive and many older adults will need to use Medicaid to pay for it. To qualify for Medicaid benefits, many older adults “spend down” or try to reduce their assets to meet the requirements. But the rules are complex, so doing this without help from an elder law attorney could lead to penalties or denial of…
