©2010 Raymon B. Harvey, P. A.    Arkansas Elder Law™  Arkansas Elder Law & Special Needs Trusts™ Medicaid Planning 501-221-3416 650 S. Shackleford Rd. Suite 400 Little Rock, Arkansas 72211 Tel:   501-221-3416 Fax:  501-221-2689 info@ArkansasElderLaw.com LEARN MORE INFORMATION YOU CAN USE Medicaid Planning For all practical purposes, in the United States the only insurance plan for long-term institutional care is Medicaid.  Medicare only pays for approximately 2 percent of skilled nursing care in the United States.  Private insurance pays for even less.  The result is that most people pay out of their own pockets for long-term care until they become eligible for Medicaid. Eligibility for Medicaid services is based on three main requirements: Monthly income of no more than $2022.00 in 2010 Total countable assets of no more than $2,000.00; and No existing penalty for giving away assets. Download our booklet, “Planning for Your Long Term Care.”