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Message
re: Taking care of the aging
Posted on 2/20/16 at 10:21 am to Peazey
Posted on 2/20/16 at 10:21 am to Peazey
quote:
assets was used to pay down a big hospital bill
Yeah, that's all fine (so to speak).
Some people think you can sell the assets, gift the money to relatives, and then Medicaid will step in.
That's not the way it works and as taxpayers, we should be glad.
Note:
Medicaid = state
Medicare = federal
1
Posted on 2/20/16 at 10:23 am to N2cars
quote:
That's not the way it works and as taxpayers, we should be glad.
wonder if this is the true reason behind opposition to euthanasia?
Posted on 2/20/16 at 10:24 am to Kujo
What?
Posted on 2/20/16 at 10:28 am to Peazey
Exempt assets are a house, a car and $2000. So he can have that and qualify for Medicaid. Don't sell the house or the car or you'll have to spend the cash down to $2000.
Posted on 2/20/16 at 10:32 am to N2cars
If people could kill themselves and pass their wealth to their loved ones before government could liquidate their entire life savings and give it to medical interests, then that would be bad for the business of medicine.
Relative is chair bound, taking dozens of pills/day, has about half a million in savings, if she lives longer in the US at a 8-9k/month nursing home, how much of that do her loved one's get?
euthanasia due to quality of life at 81 leaves 500k
natural causes at 84 leaves about 20k
Relative is chair bound, taking dozens of pills/day, has about half a million in savings, if she lives longer in the US at a 8-9k/month nursing home, how much of that do her loved one's get?
euthanasia due to quality of life at 81 leaves 500k
natural causes at 84 leaves about 20k
This post was edited on 2/20/16 at 10:34 am
Posted on 2/20/16 at 10:32 am to 75503Tiger
If he is a veteran, you'll want to check into the Veterans Administration Aid & Attendance Benefit. Also, in addition to sale of home, there are options such converting life insurance policies, etc. You really want to avoid state pay facilities as a rule of thumb as long as financially possible.
In what area is he going to be settling?
In what area is he going to be settling?
Posted on 2/20/16 at 11:04 am to Kujo
Posted on 2/20/16 at 11:09 am to Kujo
quote:
yeah, relative in a similar situation, but can't qualify for medicaid because she gets a pension of $3,500/month til she dies. too much for medcaid, not enough for private pay.
Lots of factors here, if you're serious.
$3500 is still (probably) enough for assisted living.
It isn't enough for 24/7 care in Private Pay. If the person requires 24/7 care Medicaid will take the $3500 and make up the difference.
It all depends on what level of care is required.
Posted on 2/20/16 at 11:42 am to 75503Tiger
Medicaid won't pay for Assisted Living. You probably will need to get someone involved to see if he qualifies for Medicaid. You should be able to lookup a 2016 Medicaid Guide to see what minimum requirements are.
Posted on 2/20/16 at 8:31 pm to 75503Tiger
if he has dementia
do a search
dementia and coconut oil
it's very very good
do a search
dementia and coconut oil
it's very very good
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