Boomer or Bust: Your Financial Guide to Retirement, Health Care, Medicare, and Long-Term Care

Chapter 13. Medicaid

	“Life would be infinitely happier if we could only be born at the age of eighty and gradually approach eighteen.”
	--Mark Twain

Unfortunately, advancing aging generally brings with it advancing disability. When those disabilities reach a stage at which an elderly person can no longer care for him- or herself at home, and when bringing in assistance to the elder in his or her own home becomes either impractical or unaffordable, moving to a nursing home becomes the primary alternative. The expense of living in a nursing home is significant. For many people who have not financially planned sufficiently for this possibility, paying for that cost from their own assets becomes impossible, so they turn to Medicaid. Understanding ...