Medicare and Medicaid

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Information about Medicare and Medicaid

Published on March 13, 2014

Author: HorowitzLawCT


PowerPoint Presentation: Medicare & Medicaid What's the Difference? PowerPoint Presentation: Government Funded Health Insurance PowerPoint Presentation: Medicare and Medicaid are two different government programs that provide health insurance to people in America PowerPoint Presentation: Though they are both insurance programs, there are considerable differences between them PowerPoint Presentation: Medicare for Seniors PowerPoint Presentation: Medicare is a program that provides health insurance for senior citizens PowerPoint Presentation: People who have paid into the program sufficiently during their working years qualify at the age of 65 PowerPoint Presentation: This is the current age of eligibility PowerPoint Presentation: However , there has been talk of increasing it to save money PowerPoint Presentation: Medicare Comes in Different Parts PowerPoint Presentation: There are different parts that comprise Medicare as a whole PowerPoint Presentation: There are different parts that comprise Medicare as a whole PowerPoint Presentation: Medicaid Is a Need-Based Program PowerPoint Presentation: If you qualify Medicare is available to you regardless of your level of financial need PowerPoint Presentation: You could be a billionaire and still qualify for Medicare PowerPoint Presentation: On the other hand, Medicaid is a need-based program PowerPoint Presentation: It is only available to people who have very limited financial resources PowerPoint Presentation: Medicaid Upper Asset Limit PowerPoint Presentation: Medicaid is a jointly run federal-state program PowerPoint Presentation: As a result, the guidelines are slightly different state-by-state PowerPoint Presentation: Generally speaking, the upper asset limit for Medicaid eligibility is $2000 PowerPoint Presentation: Everything that you own does not count PowerPoint Presentation: Your home would not count up to an upper equity limit that stands at $802,000 in Connecticut in 2013 PowerPoint Presentation: Why Medicaid? PowerPoint Presentation: You may wonder why Medicaid is relevant to someone who would be eligible for Medicare coverage PowerPoint Presentation: The answer is that Medicare does not pay for long-term care PowerPoint Presentation: Medicaid is relied upon by most senior citizens who are residing in nursing homes PowerPoint Presentation: Hartford CT Medicaid Planning Hartford CT Medicaid Planning PowerPoint Presentation: 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 PowerPoint Presentation: If you would like to explore these strategies contact our firm schedule a free consultation PowerPoint Presentation: Nirenstein & Horowitz (860) 548-1000

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