![]() State Medicaid programs are required to cover nursing home care, but eligibility is complex.ĭepending on the state and the eligibility criteria, seniors may still be required to pay some of the costs. Public assistance in the form of Medicaid may be available if a senior has a low income and few financial assets. Although you won’t pay anything for the first 20 days of your stay, you will still need to pay up to $200 a day in coinsurance for days 21-100 of your stay in 2023.ĭepending on your circumstances, payment for long-term nursing home care typically starts as “private pay” - meaning that payment comes from personal savings, investments, assets or private long-term care insurance. A benefit period is how Medicare measures the length of stay in a hospital or skilled nursing facility. Part A Medicare provides some coverage for up to 100 days of care in a skilled nursing facility each benefit period. Costs vary significantly by region, but the national average daily cost for a shared room was $260 in 2021. Instead, most people are concerned about long-term care costs. Medicare often covers most of the costs related to short-term stays. The cost of a nursing home is tied to the type of care you need. Long-term care for more chronic illnesses.Short-term rehabilitation following an accident, stroke or other event requiring physical rehabilitation.There are two primary types of nursing home care:
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