Alzheimer’s- Me on Medicaid?

payingforalzheimerscare
Brian Willie

I often have families come to me and proclaim that they would never need to go on Medicaid. “Isn’t Medicaid for poor families or families with limited resources?” Consider this: A spouse has $200,000 in savings, a home worth $300,000, a car and some personal property. The husband has had Alzheimer’s Disease for 6 years now, and unfortunately, it has steadily progressed to the point where his wife must place him in a skilled nursing facility. That facility charges $5,000 per month. The wife believes that she has too many assets to qualify for Medicaid, and so continues to pay privately, month after month, year after year.

You can guess what happens can’t you?.....read the whole post

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