Is Medicaid an Option?


Medicaid (welfare) is a joint federal and state program that provides medical assistance for certain individuals with low incomes and limited assets. It is primarily designed to provide care for the indigent. Many people "spend down assets" for many years in anticipation of the necessity of long term care needs.  The person needing the care must deplete all assets for three years prior to attempting to claim on Medicaid.  Many parents refuse to give away their assets because the need is not obvious yet, and they fear for their financial independence.

Medicaid is designed to provide long term care in a nursing facility only. Assisted Living Facilities and Custodial Home Health Care services are not covered under Medicaid. This severely limits your care options. Relying on Medicaid means giving up your independence and choice of who provides your care and where those services are provided.

    Is Medicare an Option?