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Insurance Services (cont.)

Since Medicare and private health insurance coverage do not cover "custodial" (non-skilled) nursing home care or in-home care, many families have seen the high cost of this long-term care devastate their financial security.  Some legal protection exists so that the patient and spouse do not become totally impoverished in order to be eligible for Medicaid assistance.  Due to the complexity of Medicaid law and regulations, as well as the lack of clear and accurate information about Medicaid eligibility, many families needlessly impoverish themselves in order for Medicaid to cover the cost of long-term care, or spend more than is required before they seek Medicaid eligibility for themselves, a spouse, or a parent.

There are many rules that govern the treatment of the income and resources of Medical applicants.  By planning in advance, these rules can be used to economically protect the patient as well as the spouse who remains in the community.  To avoid losing valuable assets to the cost of long-term care, learn about your rights and options well before Medicaid is a necessity. ¹

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¹ "Tomorrow Choices" AARP, Revised 1992 p.36

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