Drawing Distinctions Between Medicare and Medicaid - PowerPoint PPT Presentation

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Drawing Distinctions Between Medicare and Medicaid

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This presentation talks about the two different government health insurance programs namely the Medicaid and Medicare and how they're different and distinct from each other. – PowerPoint PPT presentation

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Title: Drawing Distinctions Between Medicare and Medicaid


1
Drawing DistinctionsBetween Medicare Medicaid
2
1
Government Health Insurance Programs
Medicaid and Medicare are two different
government health insurance programs
3
They have similar sounding names, but there are
some profound differences between them
4
You should have an understanding of these
differences when you are planning ahead for your
retirement years
5
2
Medicare for the Eligible
While you are working you are paying taxes. One
of the deductions goes toward future Medicare
coverage
6
Your eligibility for Medicare has nothing to do
with your financial need or lack thereof
7
If you paid enough into the program over the
years you become eligible for coverage at the age
of 65
8
3
Medicare Doesn't Cover Everything in Full
You are required to share most expenses under
Medicare
9
When you are budgeting for your senior years you
should understand the fact that Medicare doesn't
pay for everything in full
10
There are copayments for hospital stays. And,
there are monthly Medicare Part B premiums
11
Perhaps most importantly, Medicare does not pay
for long-term care
12
4
Medicaid
Medicaid is a need-based health insurance program
that is subsidized by the government
13
It is jointly administered by individual states
along with the federal government
14
The upper asset limit that you must stay within
to obtain Medicaid eligibility is just 2,000
15
5
Medicaid Long-Term Care
We have established the fact that Medicare will
not help with long-term care costs
16
However, Medicaid will assist if you can stay
within this 2,000 upper asset limit
17
You may be surprised to hear that most seniors
in nursing homes are enrolled in the Medicaid
program
18
6
Gaining Medicaid Eligibility
You can aim toward Medicaid eligibility in an
intelligent and informed manner
19
It may be possible to divest yourself of assets
well in advance of applying for Medicaid coverage
20
If you do things properly you may be able to gain
eligibility while keeping a significant store of
resources in the family
21
Oklahoma Medicaid Planning Assistance
22
Medicaid can provide a long-term care solution
23
With the assistance of a licensed professional
you can position your assets optimally for the
well-being of those that you love
24
To Learn More Receive a FREE Report
Entitled, Set The Stage for Medicaid
Eligibility (A 19.95 Value!) CLICK HERE OR Call
405-562-9609 Today
25
13913 Quail Pointe Drive, Ste B Oklahoma City, OK
73134 Phone (405) 562-9609 10740 Nall Avenue,
Suite 160 Overland Park, KS 66211 Phone (913)
385-9400
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