FAQ’s
Q. DOES MEDICARE PAY FOR THE COST OF A NURSING HOME?
A. Medicare part A covers skilled nursing care provided in a skilled nursing facility for a limited time. You must have a qualifying hospital stay and meet other criteria to be eligible.
If Eligible in 2024 You Pay:
Days 1-20: $0 for each benefit period.
Days 21-100: $204.00 coinsurance per day of each benefit period.
Days 101 and beyond: all costs*
Q. WHAT ARE THE COSTS FOR IN HOME CARE?
A. The cost for a home health aid can range from $25-$42 per hour to provide custodial care. This can range anywhere from $4,000-$6,000 per month for part time assistance. Medicare does not pay for custodial care.
Q. WHEN SHOULD I START THINKING ABOUT LONG TERM CARE PLANNING?
A. Many of our clients start planning in their mid to late fifties, after raising their children, have a clearer picture of their retirement plan, and are generally in good health. We believe that there is always benefit in considering the options available to you.
Q. ARE THERE OPTIONS AVAILABLE TO ME IF I DON’T WANT TO KEEP MY LIFE INSURANCE POLICY ANYMORE?
A. Yes. At Casco Bay Insurance Associates, we would welcome the opportunity to further discuss what options and resources are available to you, should you decide to terminate your life insurance policy. Click here to get in touch with our team.
Q. WHAT DO I DO IF I AM INTERESTED, BUT DON'T KNOW WHERE TO START?
A. We work with a wide variety of clients and we are happy to walk you through this process. Chris does not charge a fee and there are no additional costs to talk with our team. If you have any questions or don't know where to begin, click here to get in touch. We look forward to working with you.