Medicaid Nursing Home Care: A Look at Medicaid’s Coverage for Nursing Homes

Face it, one of these days, you and your spouse may need to stay in a nursing home to provide yourself with constant health care, especially if you weren’t able to save a sizable nest egg for your retirement.

In the mid 1960s, the congress created a health insurance program for the needy that is funded by both the state and federal government. This health insurance program is a way to give financial relief to low income individuals and families regarding health care.

In today’s world, living without any form of health insurance is considered to be suicide, well at least financially. Besides, with the high cost of health care in today’s society, how will you be able to pay for it if you are already finding it hard to make ends meet? Surely you can’t predict the future on what happens to you or your family’s health. This is why health insurance is here: To provide you with financial assistance when you need it most.

The problem with health insurance policies today is that it is also relatively high in cost, which is why low income individuals don’t purchase one for themselves. They have enough financial problems to deal with and they view health insurance as another unnecessary expense.

This is why Medicaid is here.

Today, the constant changes in the Medicaid eligibility rules and requirements made it possible for the elderly and the disabled to apply and get approved for Medicaid provided that they meet certain income requirements. In fact, Medicaid is now also covering long term heath care that can be quite expensive, such as nursing homes and other health care institutions.

By the time you reach the age of 65, it is a fact that you automatically qualify for Medicare. However, if you want more coverage and you want more financial assistance to finance your stay at a nursing home, you may want to try and apply for Medicaid especially if you only have low income level.

If you have assets, such as real estate properties, and cars in your name, then you may find it hard to get approved for Medicaid in some states. The fact that Medicaid only offers its services exclusively for the poorest of the poor, you need to determine if you are eligible or not.

It is important to remember that long term health care covered by Medicaid requires you to have a specific amount of income level. However, thanks to the recent changes in the eligibility rules and requirements regarding long term health care, such as nursing homes in some states, you too will be able to become eligible for the program even if you have resources, such as real estate properties, savings in your bank account and cars.

In fact, even if you already have Medicare, you can still apply and get approved for Medicaid. Although Medicare may pay for your stay in a nursing home, but Medicaid can provide health care assistance, such as providing you with discounts on prescription drugs. Medicaid may also pay for your stay in a nursing home.

You have to remember that the rules are quite different in every state regarding long term health care with Medicaid. This is why you have to take a closer look at the eligibility rules and requirements for Medicaid in your state. This way, you will be able to know whether you qualify for long term health care offered by Medicaid in your state.

One Response to Medicaid Nursing Home Care: A Look at Medicaid’s Coverage for Nursing Homes

  • dorothy stevens says:

    i need information on what medicare and medcicaid for as far as nursing homes ans medical care thank u

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