As our aging population continues to grow, more and more families will face the need for long-term care for their loved ones. If that care is received in a nursing home, these families will face costs of $10,000 - $15,000 per month (and that number increases each year). Since Medicare does not cover the cost of skilled nursing home care (except for limited rehab stays), most residents must pay the full cost of skilled nursing home care. At $10,000 - $15,000 per month, the average family will exhaust their life savings within the first year of nursing home care. Most nursing home residents will eventually end up needing Medicaid to pay for the nursing home care. The thought of paying for nursing home care and even eventually needing Medicaid terrifies most families. The rules are complex and ever-changing, and there is a ton of misinformation in the community about how Medicaid works.