Many people are concerned when they learn the cost of long term care services. This fee includes housing, food, nursing care, recreation, social services, and more.
High costs are a primary reason for developing alternates to nursing home care.
The major sources of financial support for nursing home care are described below. Financing the Long Term Care Setting More than half of the state's nursing home residents receive financial assistance from Medicaid, the health care program for low-income individuals that is funded by the federal and state governments. Many people confuse Medicaid with Medicare. Medicare is the national health insurance program for the elderly and disabled. Medicare benefits are not based on income, and they cover relatively few nursing home residents.