Commented on a discussion 11/10/2010 at 11:17 am
What Mr Robbins writes is correct, but far from the full story. What about those not admitted to a nursing home from a hospital or those in the nursing home for over 90 days? Unless they have long te
...Read MoreWhat Mr Robbins writes is correct, but far from the full story. What about those not admitted to a nursing home from a hospital or those in the nursing home for over 90 days? Unless they have long term care insurance, they are responsible for the nursing home costs. However, if their assets are low enough and they submit an application, Medicaid will cover the portion of the costs not covered by regular income such as social security and/or a pension. Therefore, if individuals or couples have assets in excess of $100,000 and they feel they may need nursing home care in the future, it would behoove them to learn more about their options by consulting an elder care attorney or someone knowledgeable regarding Medicaid eligibility. Bear in mind that in most cases nursing homes have 2 rates; a higher one for "private payees" and a lower one for those eligible for Medicaid. Therefore it makes sense to become eligible for the Medicaid rate ASAP.
From someone who has been caught up in this system.