Determining the role that Medicaid may play in your health care planning


Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Divorce
Death of a Life Partner
Military Life


Medicaid is a means-tested program that is jointly funded by the state and federal governments, and is managed by the states.

Medicaid provides benefits to U.S. citizens or legal permanent residents, including low-income adults, their children, and individuals with certain disabilities. Medicaid is the largest source of funding for medical and health-related services for individuals with limited income in the United States.

The following resources may assist you in determining the role that Medicaid may play in your health care planning:

Medicaid and Long-term Care


Death of a Life Partner Tasks

1. Taking stock of your financial situation
2. Identifying your sources of income
3. Revising your spending plan
4. Revising your estate plan and advance directives
5. Examining Medicare, Medicaid, and long-term care issues

Examining Medicare, Medicaid, and long-term care issues Subtasks

1. Assessing your Medicare status
2. Determining the role that Medicaid may play in your health care planning
3. Addressing long-term care issues

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