Tag: Medicaid coverage
Low-income retired couples with less than $3,000 in assets can get Medicaid to supplement their Medicare insurance or pay for a nursing home. This asset cap, set by state governments, mainly applies to financial accounts and excludes the value of a home and vehicle. But Medicaid coverage in old age could conflict with auto-IRA initiatives…
Needs may be unmet or larger burdens may fall to families. Medicaid is the nation’s publicly financed health and long-term care program for low-income people. It was originally established to provide benefits to those receiving cash assistance or “welfare.” In the case of older Americans, that source of cash benefits was – and remains –…
