10/05/2026
🏥 Medicare vs. Medicaid: Do you know the difference?
They sound almost identical, but when it comes to long-term care, nursing home costs, and protecting your family's assets, Medicare and Medicaid serve very different purposes.
Understanding the difference before a health crisis happens can make a major difference for your family.
🔵 MEDICARE
Medicare is federal health insurance primarily for people age 65 and older, as well as certain younger people with disabilities or specific conditions. It helps cover hospital care, doctor services, outpatient care, and certain skilled or medical services. However, Medicare generally does not pay for long-term custodial care.
🟢 MEDICAID
Medicaid is a joint federal and state program with eligibility based on financial and other requirements. Depending on the state and circumstances, Medicaid can help cover services that Medicare generally does not, including nursing home care and certain home and community-based long-term care services.
⚠️ Why does this matter?
Long-term care can create significant financial pressure for families. Medicaid eligibility involves specific rules concerning income, assets, transfers, residency, and other factors, and the rules can differ between Florida and New York.
❌ Don't wait until a medical crisis to start planning.
✅ Understand your options before you need them.
✅ Review your estate plan and asset protection strategy.
✅ Get professional guidance before transferring or retitling assets.
📲 Learn more about Medicare, Medicaid, long-term care planning, and asset protection:
www.shanahanlaw.com
Link to download the full guide: https://drive.google.com/file/d/1fAZFGRySR5I1FbaM5DCMHUNsOXU3QywD/view?usp=sharing
If you or a loved one is beginning to think about nursing home care, Medicaid eligibility, aging in place, or protecting your family's assets, now is the time to start the conversation.
