Financial Planning in Alzheimer's Disease (cont.)
In this Article
- Alzheimer's disease - developing a financial plan
- Medical coverage in Alzheimer's disease
- Investigate long- and short-term disability insurance
- What is Medicare?
- What are Medicare's coverage options?
- Medicare coverage of skilled nursing care facilities
- Medicare coverage of home care
- What is Medicaid?
- How do people receive Medicaid benefits?
- Who is eligible for Medicaid?
- Medicaid coverage
- Find a local Geriatrician in your town
What Is Medicaid?
Medicaid is a joint federal-state health insurance program providing medical assistance primarily to low-income Americans. It also is available to people under 65 if they are blind or disabled.
The purpose of Medicaid is to provide preventive, therapeutic, and rehabilitative health services and supplies that are essential to attain an optimum level of well-being.
How Do People Receive Medicaid Benefits?
There are two ways to receive Medicaid:
- Through Supplemental Security Income (SSI) -- People who receive a cash
grant under SSI and Aid to Dependent Children are automatically eligible for
- Medicaid spend down -- This is similar to a deductible or a co-payment that you must pay every month. Once you meet your "spend down" amount, you are eligible for Medicaid for the remainder of the month.
Who Is Eligible for Medicaid?
Medicaid eligibility requirements depend on financial need, low income, and low assets. In determining Medicaid eligibility, officials do not review rent, car payments, or food costs. They only review medical expenses. Medical expenses include:
- Care from hospitals, doctors, clinics, nurses, dentists, podiatrists and
- Medical supplies and equipment.
- Health insurance premiums.
- Transportation to get medical care.
Medicaid coverage varies from state to state. For specific coverage guidelines, contact your state's Department of Human Services. Generally, Medicaid benefits include:
- Ambulance services when other means of transportation are detrimental to
the patient's health.
- Transportation to and from the hospital at time of admission or discharge
when required by the patient's condition.
- Transportation to and from a hospital, outpatient clinic, doctor's office, or other facility when the doctor certifies the need for this service.
- Ambulatory health care centers are often private corporations or public agencies that are not part of a hospital. They provide preventive, diagnostic, therapeutic, and rehabilitative services under the direction of a doctor. Ambulatory services covered by Medicaid include dental, pharmaceutical, diagnostic, and vision care.
- Inpatient hospital care.
- Private hospital rooms only when the illness requires the patient to be
isolated for his or her own health or the health of others.
- Outpatient preventive, therapeutic, and rehabilitative services.
- Professional and technical laboratory and radiological services.
- Medical Supplies and Medications
- General medical supplies (when prescribed by a doctor).
- Durable medical equipment (such as hospital beds, wheelchairs, side rails,
oxygen administration apparatus, special safety aids, etc.).
- Medications prescribed by a doctor, dentist, or podiatrist.
Home Health Care
- Visiting nurse
- Home health aide
- Physical therapist
Skilled Nursing Facilities
- Skilled nursing facilities and intermediate care facilities (providing short-term care for a patient whose condition is stable or reversible) are covered through Medicaid with a physician's authorization.
For More Information:
U.S. Department of Health and Human Services
Health Care Financing Administration
6325 Security Blvd.
Baltimore, MD 21207
WebMD Medical Reference
WebMD Medical Reference Reviewed by Jon Glass on 16, 2009
Last Editorial Review: 6/16/2009
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