Who pays for long term care expenses?

March 7, 2015

The average cost of nursing home care in the State of Connecticut is $12,604 per month (as of 7/1/17) according to the Connecticut Dept. of Social Services.  While Medicare and supplemental health insurance plans cover most of the medical expenses of an acute illness, those programs provide only minimal coverage of nursing home care. Absent long-term care insurance, the only other options for payment of nursing home expenses are (1) private payment, or (2) Medicaid.  Understanding the Connecticut Medicaid rules can help you to maximize the use of your assets for you and your family.