Most senior citizens have heard of the Medicaid Program and have some information as to the rules of eligibility and transfers of assets. As with most subjects a little knowledge can be a dangerous thing. The Medicaid Program was initially enacted in 1965, but has undergone many changes over the years. It is not to be confused with Medicare. Medicare is essentially government sponsored health insurance for our senior population.
All seniors qualify regardless of assets or income levels.
In addition the two programs pay for different types of Services. It is important to note that with a possible 100 day exception Medicare will not pay for Nursing home care. It is the Medicaid Program that pays for the majority of the Nursing Home Care. This program is funded through the Federal, State and County Governments, but is administered by the Counties. The rules of eligibility for Medicaid are very complex and intricate.