Myths and Facts

Myths and Facts

http://www.medicaidpatients.com/medicaid-myths-and-truths/

MEDICAID MYTH #7: Medicaid picks up the tab for nursing home bills of rich people.

FACT: Medicaid is intended for people who belong in the low-income, limited-resources population; eligibility also extends to those who have depleted their life savings to pay for large medical expenses. Additionally, the transference of savings and assets to others in order to qualify for Medicaid is now prohibited under the new Medicaid rules. A majority of nursing home residents were not on Medicaid at the time they were admitted into the facilities. Medicaid recipients are still obliged to apply their income towards the costs of their care even after exhaustion of their assets, save for a very minimal amount that go towards a stipend for personal needs.

MEDICAID MYTH #8: Medicaid’s unrestricted federal-funding promotes excessiveness.

FACT: The recent economic downturn has caused an upward surge in the number of people needing Medicaid coverage. However, states employed cost-control measures since they are required to balance their budgets.