Medicare
Did you know…
…that after a certain period of time, Medicare no longer covers the cost of living in a skilled nursing facility?
It’s very true, and sadly tends to be more of a shock in the moment than an expected cost pivot. Many people think that because Medicare is a safety net for those after retirement, that it covers all costs related to care after that point, but it’s just not so.
Example of costs in original Medicare:
You pay this for each benefit period:
1. Days 1–20: $0 coinsurance per day
2. Days 21–100: Up to $194.50 coinsurance per day
3. Days 101 and beyond: All costs
We wish we had the answer on how people can expect to pay for these stays, but it’s different for everyone based on their finances. While this is a scary reality, we think knowing about it now will help you prepare for the future.
Questions, comments or experiences around this benefit?! We’d love to hear them and share the learning!
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Learn more about our services and see how Mettle Health can help you, or someone you’re caring for, by booking a short 20-minute complimentary consultation to discuss your situation with one of our counselors and find the best fit for future appointment types. You can join solo, or bring others in the care circle.
