
What many people do not understand about medicaid:
You may have you're medicare and a decent retirement along with about $100,000 in savings and you may still have the need for medicaid. My father in-law has a good retirement being retired from civil service and the Air Force. His wife managed to save probably about $150,000 and had her social security. She became ill with Alzheimer'
s and had managed to blow about $30,000 in her sickness.
My father in-law took care of her a lot longer than most people would before he finally looked into finding a nursing home to put her in. They promised each other they would not put the other into a home and he was determined to keep his promise. Unfortunat
ely she became to ill to care for and he had no choice.
He found out medicare would only pay for a two week stay. He had to file for medicaid for her. To qualify he had to get their assets down to a certain level before they would take her. In the mean time he used the savings to pay for her care and that was going quick when he had to pay $8,000/mon
th for the home which didn't include many of the other expenses needed for her care. In the end he had to get rid of half of the assets they spent a lifetime to acquire.
Do not believe just because you will have medicare you won't need medicaid.
Read the Article at HuffingtonPost