Medicaid is the country’s largest payer of long-term care services and will pay for nursing home care. Most people with long-term care needs “spend down” their assets until they are eligible for Medicaid coverage. Medicaid and Medicare benefits coordinate. If you choose to spend down your assets to apply for Medicaid, it is a good idea to consult with a qualified attorney to make sure you approach the process correctly.

For more information on Medicaid, click on "What is Medicaid?" in the GO TO box.

Long-term care insurance generally covers nursing home stays and can limit health care costs. But it is not a good option for most people. It can be very expensive and, generally, companies will only sell LTC insurance to persons in good health.

For more information on how you can help your loved one get help paying for long-term care needs, click on the link in the GO TO box.