My math says I will work till I can’t and then will have to accept a lower quality of life for whats left and my wife and I end up on medicaid in a nursing home.
Medicare only pays for short-term skilled nursing rehabilitation meaning you need something like physical therapy after a major surgery. For long-term care because you’re just unable to take care of yourself, you’d need Medicaid or to pay several thousand/month out of pocket.
Ah, my mistake. It is very complicated. Usually, as a rule of thumb, Medicare pays for elderly care and Medicaid pays for poverty care, but there are–as you point out here–exceptions. Rule of thumb doesn’t always work so well.
My math says I will work till I can’t and then will have to accept a lower quality of life for whats left and my wife and I end up on medicaid in a nursing home.
Medicare, probably.
Medicare only pays for short-term skilled nursing rehabilitation meaning you need something like physical therapy after a major surgery. For long-term care because you’re just unable to take care of yourself, you’d need Medicaid or to pay several thousand/month out of pocket.
Ah, my mistake. It is very complicated. Usually, as a rule of thumb, Medicare pays for elderly care and Medicaid pays for poverty care, but there are–as you point out here–exceptions. Rule of thumb doesn’t always work so well.
protist explained the american situation right which unfortunately I have first hand experience with my father.
Damn… Lucky.