Can Medicaid cover long-term care costs? The answer is yes… sometimes.
Medicaid is a state and federal program for low-income seniors and those living with disabilities. It can sometimes cover the costs associated with long-term residential care, although there are plenty of caveats. For starters, Medicaid usually will not pay for independent living. Instead, it often helps cover services received in assisted living facilities and skilled nursing care facilities (nursing homes) or medically necessary in-home care services.
There are, however, plenty of reasons why Medicaid may not help pay for assisted living, memory care, or skilled nursing care. For starters, some senior living communities do not accept Medicare or Medicaid; please keep this fact in mind while searching for a retirement community that your loved ones can call home. Furthermore, eligibility requirements for Medicaid can be strict, and simply gifting away all money and assets does not automatically make someone eligible for Medicaid benefits.
To learn more about what Medicaid can and cannot cover–and who qualifies for it–please visit your state’s official Medicaid website.