Doesn't Medicare Cover Me Anyway?

A Note on Medicare

Don’t be confused by Medicare.  Medicare pays for skilled nursing facility care (not for assisted living or custodial care) for just 20 days, and then only if you are admitted to the nursing home within 30 days following at least a 3 day hospitalization, not counting the day you are discharged from the hospital. 

Medicare will continue to pay for your skilled nursing facility stay for days 21 through 100, but subject to a co-pay by you of $164.50 a day for 2017.  That's an out-of-pocket cost to you of about $4,935 a month.

After day 100, you’re on your own.

Bottom line:  Medicare simply does not pay for long term care.