Will Medicaid Pay Nursing Home Care Costs? AARP Bulletin
Will Medicaid Pay Nursing Home Care Costs? - AARP Bulletin Medicare Resource Center
Photo by Adrian Sherratt/Alamy Medicaid will pay nursing home costs, but you need to qualify. Most people who live alone decide to sell their homes and use the proceeds to pay for . After those funds are spent, Medicaid takes over. If you receive a monthly Social Security benefit, it would go directly to the facility for your care once you are on Medicaid. However, you would be allowed to keep a small allowance for personal items. To learn more about eligibility requirements, call your state's Medicaid office or to locate your local state health insurance assistance program (SHIP) and other resources. Also of interest: Carole Fleck is a senior editor for the AARP Bulletin.
Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures
Will Medicaid Pay Nursing Home Costs
Qualifying could mean exhausting your assets
Q. I own a home but don't have much else in the way of assets. If I have to go into a nursing home, will Medicaid pay for it? A. , a state and federal program, will pay for nursing home costs for people with limited income and assets. But, generally speaking, you must first exhaust your own assets to become eligible. Standards for eligibility vary by state.Photo by Adrian Sherratt/Alamy Medicaid will pay nursing home costs, but you need to qualify. Most people who live alone decide to sell their homes and use the proceeds to pay for . After those funds are spent, Medicaid takes over. If you receive a monthly Social Security benefit, it would go directly to the facility for your care once you are on Medicaid. However, you would be allowed to keep a small allowance for personal items. To learn more about eligibility requirements, call your state's Medicaid office or to locate your local state health insurance assistance program (SHIP) and other resources. Also of interest: Carole Fleck is a senior editor for the AARP Bulletin.
Related
Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures