Does Medicaid pay for Assisted Living? – Life Insurance Videos


If you are or one of family members, you may wonder if assisted living centers will accept Medicaid as payment. According to the video “Difference between skilled nursing and assisted living” explains, Medicaid is the government’s payment for assisted living? Explains, the State of New Jersey requires a certain percentage of beds in private assisted living homes to receive Medicaid when they were constructed post 2001. This grace period is typically applied to these beds to enable them to be renovated.

Certain buildings offer contracts that guarantee a bed that will be insured by Medicaid provided that the family members pay private pay for the number of years indicated in the contract. If there are no beds there in your local area that accept Medicaid at this time you might consider choosing a private pay facility that upholds contracts like that. This can provide security if you expect to be eligible for Medicaid at some point in the near future. If you or your loved one have the right to medical assistance but lack other means to cover assisted living expenses and other expenses, it is sensible to look into your options in the type of insurance. 9x94zvkaxt.