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In-home care, demand for which has boomed over the past decade, and assisted living facilities provide long-term care options for older adults at a lower cost on average compared to nursing home care.
In addition to these programs, CMS has other responsibilities, including the administrative simplification standards from the Health Insurance Portability and Accountability Act of 1996 (HIPAA), quality standards in long-term care facilities (more commonly referred to as nursing homes) through its survey and certification process, clinical ...
Medicaid also offers benefits not normally covered by Medicare, like nursing home care and personal care services. Medicaid is the largest source of funding for medical and health-related services for people with low income in the United States, providing free health insurance to low-income and disabled people. [41]
The federal Centers for Medicare and Medicaid Services (CMS) publishes an online searchable database of performance data on nursing homes. [ 151 ] In 2004, libertarian think tank Cato Institute published a study which concluded that regulation provides benefits in the amount of $170 billion but costs the public up to $340 billion. [ 152 ]
Besides special trusts, options like long-term care insurance, home equity lines of credit, Medicaid annuities and gifts to family can also help reduce countable assets and/or pay for long-term ...
The Centers for Medicare and Medicaid Services in April finalized new minimum staffing standards for nursing homes, requiring them to assess residents' needs and provide 3.48 hours of direct care ...