For millions of seniors, Medicaid is the single most important program for funding long-term care, such as a nursing home or in-home health services. Medicare does not cover these costs long-term. However, Medicaid is a means-tested program with a notoriously complex and confusing application process. The rules are strict, the documentation requirements are immense, and a single mistake can lead to a denial of benefits or a penalty period that can be financially devastating. The application is filled with questions that seem simple on the surface but are actually traps for the unwary. How you answer these critical Medicaid questions can be the difference between getting the care you need and draining your entire life savings.
Here are six of the most important questions that you must be prepared to answer correctly.
