Are you confused about the differences between Medicare and Medicaid? Both are government-sponsored programs designed to help individuals cover healthcare costs. So they sound similar but have different purposes and qualifications. If you’re considering applying for either, you should take a closer look at what each is, and how they function.
If you're in Indianapolis or anywhere else in Indiana, the medicaid attorneys at Applegate & Dillman Elder Law are here for all your Medicare and Medicaid planning needs. Let's go through the basics of each together, so you can make informed decisions for your future.
Medicare in Indiana
Medicare is primarily intended for individuals aged 65 and older, as well as younger individuals with certain disabilities. It consists of several parts:
Part A: Hospital insurance that helps cover inpatient hospital stays, skilled nursing facility care, hospice care, and some home health care.
Part B: Medical insurance that helps cover services from doctors and other healthcare providers, outpatient care, durable medical equipment, and preventive services.
Part C (Medicare Advantage): Plans offered by private companies that provide Part A and Part B benefits. They often include prescription drug coverage (Part D) and may offer additional benefits.
Part D: Prescription drug coverage that helps pay for prescription medications.
Medicare does not typically cover long-term care or custodial care, such as assistance with activities of daily living (ADLs) like bathing, dressing, and eating.
Medicaid in Indiana
Medicaid provides healthcare coverage to low-income individuals and families, as well as certain categories of people, including pregnant women, children, and individuals with disabilities.
It covers a broad spectrum of healthcare services, including hospital stays, physician services, prescription drugs, preventive care, mental health services, and long-term care.
Medicaid is jointly funded by the federal government and individual states, and eligibility and benefits may vary from state to state.
Medicaid planning is a good idea to optimize your eligibility. This may involve legally structuring finances and assets to comply with Medicaid's asset and income limits while ensuring access to necessary healthcare services.
The Role of an Indiana Medicaid Lawyer
Going through Medicaid planning in Indiana can be challenging without legal guidance. Applegate & Dillman Elder Law has the experience and skill to help ensure you receive the benefits you deserve.
Our team of Indiana Medicaid Lawyers can assist you with:
- Asset protection strategies
- Medicaid eligibility requirements
- Estate planning considerations
- Long-term care planning
Why Choose Applegate & Dillman Elder Law?
Applegate & Dillman Elder Law stands out for serving their clients in Indianapolis and the surrounding counties with compassion and skilled legal guidance for their Medicaid planning. Our experienced lawyers will work hard to find the best solution for your long-term care planning.
Learn More About Your Medicare and Medicaid Options Today
Don't hesitate to reach out to Applegate & Dillman. Our team of experienced Indiana Medicaid lawyers is here to guide you through the process and secure the benefits you deserve. Contact us now to schedule a consultation. Let us help you with your application today!
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