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Medicaid and the Elderly

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  • Mariacristina De Nardi
  • Eric French
  • John Bailey Jones

Abstract

The brief’s key findings are: *Medicaid covers not only the low-income elderly but also those with higher incomes who become impoverished by health costs, such as nursing home care. *The percentage of high-income single retirees receiving Medicaid rises with age – from near zero for those in their 70s to 20 percent for those in their late 90s. *Even higher-income retirees who never receive Medicaid benefit from the insurance value that it provides, which allows them to maintain smaller reserves. *The analysis suggests that single retirees of all incomes value current Medicaid benefits at more than their cost but an expansion at less than its cost.

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File URL: http://crr.bc.edu/briefs/medicaid-and-the-elderly/
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Bibliographic Info

Paper provided by Center for Retirement Research in its series Issues in Brief with number ib2014-10.

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Length: 7 pages
Date of creation: Jun 2014
Date of revision:
Handle: RePEc:crr:issbrf:ib2014-10

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Cited by:
  1. Mariacristina De Nardi & Eric French & John Bailey Jones, 2012. "Medicaid Insurance in Old Age," Working Papers wp278, University of Michigan, Michigan Retirement Research Center.

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