[quote]Me and my cousins are caring for our bed-bound grandmother right now (all of her children are dead and her husband is also gone, so it's just us grandkids left to care for her). She has private health insurance and that's how we're paying for home health aid. At least that's the plan. It hasn't officially started yet.
I hate to break this to you, no health insurance plan covers home health care, you must mean your grandmother has a third private health insurance plan? I hope you are getting the correct information.
My late elderly neighbor across from me had this third type of health insurance. Her husband was a very smart man who set all this up for her years before he died. My neighbor was a dizzy woman who never worked.
These third health care plans are costly, especially as your grandmother must be paying for her main health plan, because Medicare only covers, IIRC, 80% of medical bills, such as doctor visits and hospital stays. That's why anyone over 65 needs a secondary health insurance. Then third if they need extended care. This is why many people apply for Medicaid years before they need longterm care. That's where setting up a trust comes in, you don't have to be rich to do this.
Medicare, which is deducted from Social Security is about $160 or $170 month. That all adds up, then, there are the extra expenses associated with aging at home.
Third health insurance plans for long term health care, whether it be at home or in nursing homes, must be taken out years before the person needs this plan. Those greedy health insurance companies won't allow a person to get these plans when they immediately need them, they want a person t pay into these plans years before they need them. No wonder health insurance companies make billions in profits.
Regular health insurance plans, and Medicare, don't cover home aides and long term nursing home stays or even longterm care at home, Medicaid covers this.
I've been navigating his with my father and previously with two of his older siblings who didn't have children. Over the years, due to his heavy smoking, my dad had several heart surgeries, he stopped smoking over 20 years ago, but the damage was done. After each hospital stay, my father was allowed a home aide for only 20 days that's all his health plan allowed.
Yes, reality sure does suck!