What's the difference between Medicare and Medicaid?
Medicare is complicated – which is why we work with a Medicare specialist when our clients need Medicare support. But once you understand the difference between Medicare and Medicaid, you'll at least be able to navigate between the two accordingly depending on what you need. Put simply, Medicare is an age-based federal program that guarantees coverage and Medicaid is a public assistance program where qualification is based on need.
In this episode of The Chris Berry Show, I'll clarify the difference between Medicare and Medicaid and explain how things like hospice are paid. Marti Coplai from Angela Hospice will also be on the show to teach us about what they offer and who may be a good fit.
In this episode, you'll learn...
- Chris' positive focus for the week.
- The difference between Medicaid and Medicare.
- The qualifications for Medicare and Medicaid.
- How Medicaid pays for long-term care costs both in and out of the home.
- About the My (Michigan) Choice Waiver Program.
- How to get a copy of "The Caregiver's Legal Guide to Planning for a Loved one with Chronic Illness."
- How Medicare will pay for hospice but not long-term care.
- What happens when Medicare runs out.
- About Medicaid's asset test, what is defined as a countable asset, and how to protect resources.
- About hospice care and who it's for.
- What Marti does for Angela Hospice and how she got involved.
- How they support patients and families through the end-of-life experience.
- The benefits of getting hospice care sooner rather than later.
- Where people can receive hospice.
- The services, programs, therapies, and future of Angela Hospice.
Q&A
In each episode, I take questions from listeners. If you have any questions that you want answered, feel free to email us at askchris@thechrisberryshow.com. Here are the questions I covered in this episode:
- Tom asked: "My brother is on my dad's deed as the owner of the house. However, I have read the will and it clearly states everything is 50/50. My brother wants to stay in the house, so does that mean I end up with nothing?"
- Cassie asked: "What type of documents do I need to state who I want to take care of my child if I die?"
- Hank asked: "My dad retired in 2012 then died in 2015. My mom began receiving his retirement benefits in 2016 then died in 2018. Will I be able to receive those benefits?"
Links & Resources
AlzElderCare.com
CJBerryGroup.com
TheChrisBerryShow.com
Michiganestateplanning.com
Register for one of our free estate & asset protection workshops
Angela Hospice
Follow us on Social Media
Twitter: www.twitter.com/ElderCareFirm
Facebook: www.facebook.com/chrisberryshow
LinkedIn: www.linkedin.com/in/christopherjberry
