A beneficiary may have more than one benefit period per year. Medicaid helps pay medical bills for people with limited income and assets. Nursing home costs, as well as other medical bills, can be covered under this program. Veterans benefits If you are a veteran or the spouse of a veteran, you may be eligible for nursing home and other care benefits. Contact the veteran's service officer from your county for detailed information.
Some policies are now available for nursing home care.
Minnesota law has established minimum standards for long-term care insurance policies. If you are purchasing a policy, be careful of policies with maximum lifetime benefits, prior hospitalization requirements, waiting periods before benefits begin, and premium increases. And, if you are in a facility that accepts only private payments, you may have to move when your assets run down. It's wise to make an early request for information about the Medical Assistance program so you can plan ahead and best protect your assets. There may be other questions that present themselves.