This is a very good question. Many people assume that Medicare will take care of all their health care needs when they are old enough to obtain eligibility. However, Medicare does NOT pay for long-term care. Under certain circumstances, Medicaid WILL pay for the long-term care that you would receive in a nursing home. In 2020, the average cost of nursing home care in Arkansas was over $6,000 per month.
/ FAQ / I am going to qualify for Medicare, and I will retire with significant resources. Why would Medicaid be relevant to me?