Many nursing home residents end up depleting their assets on long-term care. But it doesn't have to be that way, the best time to plan for nursing home care is when you're still healthy. By doing so, you may be able to pay for your long-term care and protect assets for your loved ones through Medicaid planning.

Medicaid is a Federal Government program now administered by states but funded by federal and state support. Like most government-oriented programs, the bureaucratic application and approval process is daunting and complex. Therefore, it is not recommended that an individual undertake this process independently.