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Medicaid explained

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Ed Pennington with Pennington Financial, of Monroe, speaks to a group of people at the Arbor and Terrace in Ruston about how to qualify for Medicaid.

While many people don’t plan on entering nursing homes or assisted living facilities when they are younger, the reality is, quite a few will still end up at one of those facilities, and finding the money to pay for it can be quite a challenge.

“The average cost throughout the nation of staying in a nursing home type facility is around $4,000 a month,” Ed Pennington with Pennington Financial in Monroe said at a recent health care seminar at the Arbor and Terrace in Ruston. “That doesn’t even include the costs of your medication. If you have to stay at a facility for a number of years, that cost is going to be expensive.”

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