When Is it Too Late to Start Medicaid Planning?

Medicaid planning is important for many senior citizens because of the high costs that go along with long-term care. The stark reality is that most people simply cannot pay these expenses comfortably out-of-pocket. This is because we are talking about an average annual expense exceeding $136,000 for nursing home care. One of the misconceptions that is harbored by far to many people is the idea that Medicare will pay for everything once you become eligible for coverage. People who pay into the Medicare program sufficiently are eligible for enrollment at the age of 65 under currently existing laws. Medicare is important, and it is very helpful, but it doesn t cover everything in full, and it doesn t cover long-term care at all. That s right, you re going to have to look elsewhere if you need assistance with your long-term care expenses. That elsewhere is Medicaid for a great many people. The majority of elders in nursing homes are indeed enrolled in the Medicaid program. Many of these p

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