What Is Medicaid?
In This Chapter
• Medicaid versus Medicare
• Who is eligible for Medicaid
• The kind of care Medicaid pays for
• When you should seek legal advice
Seventy percent of nursing home residents have their bill paid by Medicaid. To qualify for Medicaid, you must be poor. Are you planning on having Medicaid pay for your long-term care? Then you’d better understand how the program works, to see if you’re likely to qualify.
Some middle-class and affluent people choose to have Medicaid pay for their long-term care. They give away assets to qualify for Medicaid. This legal process is called Medicaid planning.
Medicaid eligibility varies state to state. The penalties for certain maneuvers in Medicaid planning, or even mistakes ...