Nursing home insurance is not really a financially sound option, especially considering that many times, medicare and medicaid will help compensate most people, at least in part, for the cost of nursing home living. It can be difficult to find the right coverage eligibilty under the often confusing laws and policies of medicare and medicaid, but having a knowledgeable professional help navigate the policies of medicare can help make it much easier, and less costly to finance a nursing home living costs.