Have you signed up your parents or grandparents for any Medicare policies? Are you worried that you will not be able to pay for the long term care of your family members out of your own pocket? At Professional Healthcare Resources, we have a medicaid waiver policy in which we pay for your home care services. But to qualify for this program you have to fall within a certain income bracket that requires these kinds of financial help. This program of hours will however not pay for the patients stay in a nursing home or an assisted living facility neither will pay for the custodial in home care. We are very proud to announce that our medical team consists of social workers who have years of experience and understanding on how this program works and can assisted you during the application process. The people of Baltimore, Arlington, Washington DC, Annandale, Kensington, MD, and Lanham trust our services.
Below we have mentioned a few vital considerations to keep in mind while selecting the best Medicaid plan. Take a look.
- The deductible
This is the amount that the insured spends out of his own pocket. Only when the loss is above the deductible amount will your company start paying you for the losses incurred.
- Coinsurance
By this we mean the amount is split amongst multiple parties. Coinsurance is the percentage of treatment cost that is usually self-funded by the insured. When it comes to Medicare Part by the percentage is close to 20%.
- Copayment
This basically means that part of your payment is paid by the insurance company while the other part of the claim is borne by the policyholder. A few medically prescribed drugs come under this option where both the parties split the cost.
So, if you have any other query regarding Medicaid waiver program, you can give us a call at 703- 752- 8700.