Are you planning on Medicaid as part of your long term care? Here are some things to consider.
The Purpose of Medicaid: Medicaid is a federally funded health care program. This is a “needs based” program and is administered by each state. Medicaid will help pay for long-term skilled nursing care in a nursing home, but the resident is responsible for contributing his/her monthly income toward the cost of care. Medicaid eligibility is based on income and assets.
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