Financial Planning in Alzheimer's Disease (cont.)
In this Article
Investigate Long- and Short-term Disability Insurance
Check to see if your employer has private disability insurance, and contact your human resources department to investigate your eligibility, the cost of enrolling, and how much of your salary it will cover.
Medicare and Medicaid
What Is Medicare?
Medicare is a federal health insurance program providing health care benefits to all Americans age 65 and over, as well as some disabled individuals under age 65. Eligibility for Medicare is linked to Social Security and railroad retirement benefits.
Medicare has co-payments and deductibles. A deductible is an initial amount you are responsible for paying before Medicare coverage begins. A co-payment is a percentage of the amount of covered expense you are required to pay.
What Are Medicare's Coverage Options?
Medicare has two parts:
Part A Medicare coverage includes:
Part B Medicare coverage includes:
Part B Medicare benefits require that you pay a monthly premium. You must also be entitled to Part A benefits to receive Part B benefits.