Private pay is the least favorable of the options because your life savings, home and other assets can be exhausted in a relatively short period of time.
Long-Term Care Insurance – even if you obtained insurance while you were younger the premiums soon become cost prohibitive and services covered usually do not provide for all of the expenses associated with nursing care services.
Veteran Benefits – if you served on active duty in the United States armed forces continuously for more than 90 days and served at least one day during wartime, you qualify for Veteran’s benefits, however, there are asset and income limits.
Ohio Medicaid Program – is a joint effort with the federal government and the state of Ohio to help Ohioans pay all or a portion of the cost of nursing care services. Medicaid is a need-based program and to qualify you must meet certain asset and income thresholds. The Ohio Medicaid program is the single largest payer for nursing care services in the state of Ohio.