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.
There are many ways you can pay for nursing home care. Most people who enter nursing homes begin by paying for their care out-of-pocket. As you use your resources (like bank accounts and stocks) over a period of time, you may eventually become eligible for Medicaid.enerally, giving away your assets can result in no payment for your nursing home care, sometimes for months or even years. Note. Federal law protects spouses of nursing home residents from losing all of their income and assets to pay for nursing home care for their spouse.