What is Medicare?
Medicare is a federal health insurance program for people who are 65 or older (or for people who have been receiving social security disability payments for at least two years). Everyone should apply for Medicare three months before their 65th birthday.
What does Medicare cover?
Medicare’s coverage is similar to that of private medical insurance: it covers doctor’s visits, hospital care, prescription drugs, etc. As with most medical insurance, though, you have to pay deductibles, copays, and coinsurance as well as a monthly premium.
Medicare will cover the diagnosis of Alzheimer’s and the costs of its treatments (medicines and therapies) as long as they are approved (not experimental) and certified by your doctor as medically necessary.
What doesn’t Medicare cover?
The most important thing to know about Medicare, when you’re planning around Alzheimer’s, is that Medicare does not cover long-term (custodial) nursing home care. Also, be aware that Medicare has no out-of-pocket yearly maximum. Medicare also does not cover assistance with activities of daily living (ADLs) such as dressing and personal hygiene.