Choose a good place that takes Medicaid before you run out of money. You should go to the top of the waitlist when you apply. If you wait to the end you will go to the first open bed which may not be a good place
In my State you need 90 days to complete the process. So you need that much money before Medicaid kicks in. I started my Moms application in April. She had 20k and this was used for 2 months private pay in LTC, May and June. Medicaid started in July.
In my State if you pay at least 2 years privately to an AL, you can apply to Medicaid if that AL excepts it. Have you checked out wavers in ur State? You really should not wait until ur money is gone to apply for Medicaid. Best would be to private pay the NH and apply for Medicaid there.
I would consider going in with still the available assets; you may well be able to enlist the help of the nursing home itself in applications to Medicaid when needed. They will get the details of assets when you apply for admission so will know your standing and when help will be needed.
The person you will be placing will need to pay for care. Using their assets. If they have no money then forms will need to be filed for medicaid. Medicaid will then have a look-back to see how those assets were spent - for care, gifts etc. Keep all receipts so you can prove what that money has been spent on. Blessings
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In my State if you pay at least 2 years privately to an AL, you can apply to Medicaid if that AL excepts it. Have you checked out wavers in ur State? You really should not wait until ur money is gone to apply for Medicaid. Best would be to private pay the NH and apply for Medicaid there.
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