My husband has had dementia for about 7 years now. He is in the middle stages. We own our own house but have little left in savings. We have pensions from our work and the Government. That is our only income.
It is now becoming harder to care for him and I would like to get him into memory Care but cannot afford it. His income from pensions and mine both go into a joint account from which I pay all bills.
What can I do to get our finances separated so that I can apply for Medicaid on his behalf. I do have POA. I believe as far as savings go we are under the limit.
I am spending a lot of extra money on his medicines and also for daycare facilities 2 days a week. So our outgoings are constantly increasing.
Thanks for any suggestions.
The good news for you is that if your husband gets admitted to a Medicaid SNF, Medicaid will allow you to still live in your home and keep a certain amount of your assets and resources as Medicaid is not in the business to impoverish the other half of the union.
Good luck.