In fact, there are many learners of English language who mistakenly used these words interchangeably as if they were synonyms. Despite overlapping, there are certain subtle differences between the two words that will be highlighted in this article.
But unlike Medicare, Medicaid can be used to pay for long term nursing home care in all states. Many states also allow their residents to use Medicaid to pay for assisted living communities or other alternatives to nursing homes such as in-home care.
Health insurance doesnât cover as much as you may think. Studies show that health care plans and Medicare account for 3% of the cost of nursing home care. Medicare will only pay for nursing home costs on a limited basis: 100% for the first 20 days and a co-pay up to 100 days. Thatâs pretty much it. Medicaid can really help pick up the slack, but youâll have to prove financial necessity first.