Medicaid is a means-tested benefits program that provides health coverage to many Americans. If you are planning for long-term care during your golden years, qualifying for Medicaid may be high on your priority list. Still, if you have too many assets, you may be...

Seniors in New York may be concerned about how their assets will affect their eligibility for Medicaid. While Medicare and associated plans cover most health care costs for seniors, long-term nursing care or related home care plans are not covered under the program....

For seniors in New York, finding the funds for long-term nursing care can be a major concern. Nursing care in a facility is not covered by Medicare, and the costs quickly amount to tens of thousands of dollars. Instead, Medicaid, a program jointly administered by both...

New York residents who end up in a nursing home can end up losing the majority of their assets. The expense of full-time nursing homes can be extravagant, costing an average of $8,821 per month for a private room. With Social Security benefits paying out an average of...