Medicare and Medicaid - PowerPoint PPT Presentation

About This Presentation
Title:

Medicare and Medicaid

Description:

This presentation talks about the two different government programs that provide health insurance to people in America especially in Connecticut area. – PowerPoint PPT presentation

Number of Views:1083

less

Transcript and Presenter's Notes

Title: Medicare and Medicaid


1
Medicare Medicaid
What's the Difference?
2
Government Funded Health Insurance
3
Medicare and Medicaid are two different
government programs that provide health
insurance to people in America
4
Though they are both insurance programs, there
are considerable differences between them
5
Medicare for Seniors
6
Medicare is a program that provides health
insurance for senior citizens
7
People who have paid into the program
sufficiently during their working years qualify
at the age of 65
8
This is the current age of eligibility
9
However, there has been talk of increasing it to
save money
10
Medicare Comes in Different Parts
11
There are different parts that comprise Medicare
as a whole
12
There are different parts that comprise Medicare
as a whole
13
Medicaid Is a Need-Based Program
14
If you qualify Medicare is available to you
regardless of your level of financial need
15
You could be a billionaire and still qualify for
Medicare
16
On the other hand, Medicaid is a need-based
program
17
It is only available to people who have very
limited financial resources
18
Medicaid Upper Asset Limit
19
Medicaid is a jointly run federal-state program
20
As a result, the guidelines are slightly
different state-by-state
21
Generally speaking, the upper asset limit for
Medicaid eligibility is 2000
22
Everything that you own does not count
23
Your home would not count up to an upper equity
limit that stands at 802,000 in Connecticut in
2013
24
Why Medicaid?
25
You may wonder why Medicaid is relevant to
someone who would be eligible for Medicare
coverage
26
The answer is that Medicare does not pay for
long-term care
27
Medicaid is relied upon by most senior citizens
who are residing in nursing homes
28
Hartford CT Medicaid Planning
Hartford CT Medicaid Planning
29
  • It is possible to work within the program rules
    and qualify for the Medicaid program while
    keeping a maximum store of assets in the family

30
If you would like to explore these strategies
contact our firm schedule a free consultation
31
  • Nirenstein Horowitz
  • (860) 548-1000
  • www.preserveyourestate.net
Write a Comment
User Comments (0)
About PowerShow.com