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If after the rehab services are completed the patient still needs a care center, Medicare does not cover that for anybody, no matter what their assets are. If the patient has assets and/or income the patient is expected to pay for his or her own care, as long as the money holds out. When the money is gone (but not the house or one car) the patient may be eligible for Mediciad. Part of determining eligibility is a 5-year look-back at financial transactions. Giving assets away (putting assets in other people's names) will result in a penalty period.
It is often best to consult an attorney specializing in Elder Law, especially if the assets are considerable or the finances are complicated.
Medicare coverage does not "run out" but Medicare does not cover long term care. Medicaid participation does not "run out" but needs to be renewed periodically and would change or be terminated if, for instance, the patient received a large inheritance, changing their financial status.