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Medicaid: A Program of Last Resort for People Who Need Long-Term Services and Supports

AN UPDATED VERSION OF THIS REPORT CAN BE FOUND HERE

Medicaid provides a critical safety net not only for low-income people, but also for formerly middle-income people who have spent their life savings paying for long-term services and supports (LTSS). Most older people will need some LTSS during their lifetimes, and nearly a third of people turning age 65 will deplete their savings and will need to rely on Medicaid assistance.

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