Nursing home expenses for senior citizens are among the most expensive commodities, where a monthly payment would reach up to several thousand dollars.
According to Marca, the average cost for a private room goes up to $7,908 per month. Such high expenses can overwhelm senior citizens and their families. However, those with Medicaid or Medicare worry less about accessing affordable nursing homes.
The Centers for Medicare & Medicaid Services or CMS covers nursing homes depending on the circumstances of every case. Medicare and Medicaid are often confused as similar programs but have differences, such as how the funds are administered and distributed and their purpose.
The Medicaid program covers 100% of all nursing home expenses as long as the senior meets all the qualifications. (Photo: Getty Images)
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Which Program Covers Nursing Home Expenses?
Regarding nursing home care expenses, Medicaid pays for 100% of all expenses, whereas Medicare does not, as it covers medical services. Any eligible individual who goes to a nursing come facility certified by Medicaid will get all the coverage.
However, it should be noted that Medicaid is a needs-based program, which means any applicant’s income and assets should not exceed Medicaid’s limit. Interested applicants should also meet the state-specific level of care requirements.
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