Medicaid is a government program that helps pay for medical expenses of people with financial need. Unlike Medicare, there are financial eligibility requirements for Medicaid. Medicaid has strict limits on the assets and income the person entering the nursing home, and the person’s spouse, are allowed to keep. If a person qualifies for coverage, Medicaid will pay for basic or skilled nursing home care.
Medicaid divides assets (money and property) owned by the person applying and his or her spouse into two (2) groups: 1) assets that are counted, and 2) assets that are not counted toward Medicaid eligibility.
Category:
Medicaid and Medicare