You may not think about this program when you are planning for retirement, but in reality, Medicaid is very important for a significant percentage of senior citizens. Yes, Medicaid is a program that is in place to help people with very limited resources. And yes, you will qualify for Medicare at the age of 65 if you have paid taxes on your income throughout your life. However, Medicare will not pay for living assistance. Help with your activities of daily living is looked upon as custodial care rather than medical care. Medicare will help with medical expenses, and it will pay for up to 100 days of convalescent care, but it won t pay for custodial care. There are some myths that circulate with regard to Medicaid rules and regulations, and we will look at one of these misconceptions here. Medicaid Eligibility If you want to qualify for Medicaid to pay for long-term care, you must prove that you have significant financial need. The upper asset limit for an individual is just $2000 in mo
Posted on: Wed, 22 Oct 2014 13:55:21 +0000
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