Many people go through their entire working years without ever needing to turn to Medicaid for help with their healthcare expenses; however, as a senior, the likelihood that you will need long-term care (LTC) goes up every year and the cost of that care is exorbitant. As of 2018, you can expect to pay around $13,000 a month, on average, if you are a Connecticut resident. Because neither Medicare nor private health insurance will cover LTC expenses, as a general rule, over half of all seniors in nursing homes rely on Medicaid to help with their LTC expenses. Although Medicaid does cover LTC costs, qualifying for Medicaid can be problematic because of the income and asset limits. Medicaid planning helps ensure that you will be eligible, should you need to qualify, while also protecting your assets in the process.