Financial challenges often accompany serious illness and caregiving. There are many sources of financial support, such as private insurance, Medicare, Medicaid, and other governmental and private programs. It is important to know about and use all that are available to you.
How Does Medicare Help with Serious Illness?
People are often not aware of all the benefits that Medicare offers. There are programs for hospice, for community-based care for the elderly (PACE), and even help with costs for drugs and treatments. Take some time to see what benefits would help you.
How Does Medicaid Help with Serious Illness?
Medicaid is an assistance program at the state and federal level that provides health coverage if you have a very low income regardless of age. Medicaid is administered and operated by states, according to federal requirements, and each state’s program is a little different depending on the needs and goals of that state.