Follow
Share

I have Parkinson's and had to move in w/parents (both are 80+ yrs old and dad has Alzheimer's) after a hospitalization a few yrs ago. My assets have been liquidated (cash) and placed in my savings acct. My income consists of SSDI and LTD. I have enough to fully pay for a nursing home for about 2 yrs.


My understanding so far is that I can use assets to pay for my funeral and final expenses, and when the time comes I should simply get admitted to the nursing home of my choice (that accepts medicaid - unless I want to move if money runs out) and if/when money runs out apply for medicaid through the nursing home. Am I on the right track? What am I missing and/or what should I beware of/avoid? Are there specific questions I need to ask the nursing home before deciding to be admitted?

This question has been closed for answers. Ask a New Question.
Find Care & Housing
That sounds just about correct.

Only question I have...I know the prepaid funeral is an allowed spend-down expense....but..what else is there that you call "final expenses." Medicaid might not allow it. You can check on their government website.
Helpful Answer (0)
Report

This question has been closed for answers. Ask a New Question.
Ask a Question
Subscribe to
Our Newsletter