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Elder Care Law: Medicare v. Medicaid

Before we dive into the ins-and-outs of the “look-back period,” let’s discuss the difference between Medicare and Medicaid. People frequently conflate the two. So to dispel any confusion:

  1. Medicare is a payroll entitlement program for which most retirees aged 65 and older are eligible.
  2. Medicare covers about 80 percent of all senior citizens’ medical costs.
  3. Medicaid is a social welfare program for people who’ve exhausted their assets. Since healthcare costs are expensive, many senior citizens tap Medicaid in their twilight years.

 

About The Blog
The Law Office of Barry E. Janay, P.C. (“LOBEJ”) represents and counsels small to medium-sized businesses, individuals, and families in matters relating to estate planning, business law, wills, trusts, probate, real estate, and much more. Here, you will find helpful resources written by the LOBEJ attorneys.
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