A. Medicare is a state-based program supplemented by Federal funds that acts as a safety net to provide health services to the poor and impoverished. Medicaid covers long term care services and might cover you if you meet your state’s poverty criteria and receive care that meets your state’s guidelines. Usually this means expending all but $2,000 of your assets and savings (except for your house and maybe your car). It also means receiving care from a limited number of state approved caregivers, which are mostly institutions like nursing homes, that are willing to accept Medicaid’s payments.

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