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Top Six Medicaid Application Mistakes

A sad fact of life is that many elderly people will wind up in a nursing home because they do not have family that lives close to them or there is no one around to care for them. Either way, it can cost almost $100,000 per year to live in a nursing home, and Medicare does not pay for it, which means the elderly person and his or her family will wind up footing the bill. You can rearrange your finances so that Medicaid winds up paying for the nursing home care your loved one will receive. However, you need to avoid the six common Medicaid application mistakes discussed here so you put yourself in a good position when the time comes.

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