The purpose of Medicaid planning is to preserve a lifetime of savings from the high cost of nursing home care.
Most people believe they’ll never need nursing home care and many assume that if they do, the government will pay the costs. The reality is that we need to face the possible inevitability of the need for long term care. While advances in medicine allow more complex medical services to be provided at home, there are some situations that need continuous attention in well-staffed and highly equipped facilities. As we age we become more and more likely to need skilled medical care.