What is Medicaid?
Medicaid is a program of government support which was created at the same time as the Medicare Act in 1965. I like to say that there are as many types of Medicaid as there are flavors of Ben and Jerry's ice cream. The most important type of Medicaid that you might be concerned about is nursing-home Medicaid. Can it cover the cost of your care without you having to impoverish yourself? And the answer would be, it depends upon whether you're working with a qualified elder law attorney or not. They can discuss these options with you about what Medicaid can cover for you if you were ever in a nursing home.