Glossary of Terms
Eldercare Terms and Topics
As you navigate the foreign territory of parent care, you can encounter specialized topics and terms that are unfamiliar. The links in this page describe eldercare topics and terms introduced in this website.
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FINANCIAL
Paying for long term - The U.S. Medicare program covers hospital care, up to a maximum number of days per year, for conditions from which a patient is recovering. Privately purchased health insurance also pays under similar situations. Neither Medicare nor private health insurance pays for long term care.
Long term care at home, in assisted living communities and in many skilled nursing facilities/nursing homes is paid with private funds. While an existing long term care insurance policy may pay a portion of the cost, most policies are not written to cover the entire cost of long term care either at home or in a residential care facility.
For elders who qualify because of low income or assets, the federally mandated, state-by-state operated Medicaid program pays all or a portion of the cost of long term care in a participating skilled nursing facility/nursing home. Some state programs pay for long term care at home or in assisted living communities.
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The material in this website is for informational purposes only. It is not intended to replace the advice of a professional such as an attorney, accountant, financial planner or geriatric care manager. Although this website is periodically updated, it may contain information which is incomplete, inaccurate or out of date.