Medicaid Facts

1. You must financially qualify for Medicaid. See the chart below.
2. In addition to helping with Medicare costs, Medicaid may also help with long-term nursing care. But in this case, Medicaid should be the option of last resort when it comes to your long-term nursing care. 
3. Medicaid is not perpetual…you must renew or continue to qualify for it. So, if you have a financial windfall, you may lose your Medicaid coverage.
4. When applying for Medicaid, you should never lie, deceive or exaggerate your income, assets or health. You may want to contact a local Elder Care attorney to help you.
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5. Being on Medicaid gives you more enrollment flexibility and advantages for Medicare Advantage plans or Part D drug plans. As a Medicaid beneficiary, you can make quarterly changes to your plan throughout the year. This can be helpful if you don’t like your existing plan or find out you may have better options with another plan. 

For more Medicaid facts, check out this from the Kaiser Family Foundation.