If I enter a nursing home as a private pay resident, do I have to use my assets before I can get Medicaid?
No, you do not have to use your assets before you can get Medicaid. Speak to a competent attorney about ways that you can preserve your assets while still being eligible to qualify for Medicaid.
Private pay residents in a nursing home are those who can pay their monthly nursing home costs from their income, savings or money that they received from selling their assets. We have a set daily fee for “private pay” residents which are stated in the nursing home contract.
Make sure you read the nursing home contract carefully before signing so that you won’t give consent to a wrong agreement.