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    Add as FriendWhat are the Differences Between Medicare and Medicaid in North Carolina?

    by: John

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    1 : WHAT ARE THE DIFFERENCES BETWEEN MEDICARE AND MEDICAID IN NORTH CAROLINA?
    2 : GOVERNMENT HEALTH INSURANCE PROGRAMS
    3 : Medicare and Medicaid are both government health insurance programs
    4 : They have similar sounding names, but there are some profound differences between them
    5 : QUALIFYING FOR MEDICARE
    6 : Medicare is primarily for senior citizens
    7 : You qualify for Medicare by earning retirement credits while you are working and paying taxes
    8 : NO ASSET LIMITS
    9 : If you have accumulated at least 40 retirement credits, you qualify for Medicare coverage
    10 : There are no asset limits
    11 : As long as you have 40 retirement credits you qualify for Medicare, regardless of the extent of your wealth
    12 : MEDICAID: A NEED-BASED PROGRAM
    13 : You do not have to earn retirement credits to qualify for Medicaid
    14 : Medicaid is a need-based government health insurance program
    15 : You cannot qualify if your assets exceed program limits
    16 : LONG-TERM CARE
    17 : A major difference exists between Medicare and Medicaid when it comes to long-term care costs
    18 : Medicare will not pay for long-term care Medicaid will assist with nursing home and assisted living expenses
    19 : Medicare will not pay for long-term care Medicaid will assist with long-term nursing home and assisted living expenses
    20 : MEDICAID PLANNING
    21 : Long-term care is very expensive
    22 : Because Medicare won't pay for living assistance, many people seek Medicaid eligibility late in their lives
    23 : It may be possible to gain eligibility while retaining assets for the benefit of your loved ones if you plan ahead effectively
    24 : FREE CHARLOTTE NC MEDICAID PLANNING CONSULTATION
    25 : If you are concerned about long-term care costs, contact our firm to learn more about Medicaid planning
    26 : The Potter Law Firm

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