Nursing Home and Medicaid

Medicaid is known as the government health-care program for the poor, but it pays for more than two-thirds of long-term nursing-home stays. That means many middle-income Americans with savings will need the program. Ultimately, medicaid will cover nursing-home care for nearly everyone who needs it but can’t afford to pay on their own.

All Medicaid beneficiaries fit into one of several qualifying categories  of the program - 65 years of age or older, blind or disabled, for example. You must also submit financials that take into account both your income , assets as well as those of your spouse if you are married. The final category is  the people eligible to receive Supplemental Security Income from the Social Security Administration.