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I am curious if there are any companies that offer long-term care insurance for people with an Alzheimer's/dementia diagnosis? My mom doesn't have long-term care insurance and I feel like I dropped the ball on that and when I first started noticing things I should have applied. Should have, could have, would have syndrome. But here we are. I am willing to pay for her premiums for it if I can find a company that will offer it and not deny her because of it. I am not sure how else to pay for LTC for her. If we sold her house it wouldn't cover the costs for memory care for more than maybe 5 years. We live in northern CA...memory care here ranges from 7k to 9k a month. Her retirement and social security would only touch half the costs, renting her house would cover another chunk but still leave us with at least $1200 to come up with and that's without any other expenses for health care etc. I am at a loss and totally open to suggestions. I am really hoping there is a company out there that offers long-term care insurance...even if there is a waiting period for it to start after she is approved. Thanks for listening!

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Even LTC insurance has limitations. That ship has sailed.
Here is what most of us do... mom has assets in her home and you estimate she has about 5 years coverage. She is in better shape than most of us on this forum.This allows plenty of time for you to get her set up then learn about the next steps.
You will need to keep good records on expenses as you prepare for Medicaid down the road. Spend it only on her. In 5 years from now if she is still around her memory will be in worse shape and she may not care about her living conditions.
Use some of the proceeds from the house sale for
Prepaid burial
Elder attorney advice which may include wills and POA if she is still capable.
Plan to choose a good nursing home that takes both private and Medicaid residents so that she does not get moved to the first open bed in a crappy facility is she ever reaches Medicaid.
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Riemar Apr 10, 2019
Thank you for that advice! She updated her will and POA about 2 or 3 years ago so that's in good shape I think. As far as the rest goes I definitely need to get my ducks in a row for moving forward. I don't want her ending up in some crummy facility because of the funding issue.
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You can contact an agent that sell long term care insurance. But, I am sure that you need to apply before any symptoms as the applicant may not be accepted with a current diagnoses of Alzheimer's or dementia.

You may want to contact your local governmental social services department. They can provide resources on what happens when money runs out.
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worriedinCali Apr 9, 2019
No one will insure her because of her diagnosis.
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If you're in the Roseville/Rocklin area of California check into Daycation For Seniors, Alzheimer's and Dementia Care.  It's a day program and is wonderful.  My mom can't participate in the activities, speaks jumble, wheelchair bound and they treat her wonderful.  I know this has nothing to do with LTC but I wanted to put this out there incase you needed respite care during the day.  All my best.
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Riemar Apr 9, 2019
Thank you for that I appreciate it! At some point in the near future I might need that, it's mentally and physically exhausting some times and it's nice to have a reprieve. I wish I was in that area, I'm in Sonoma County.
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You won't be able to get any LTC insurance now. That's like getting car insurance after your accident.
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worriedinCali Apr 9, 2019
Haha this made me laugh enough is no laughing matter
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Actually, Michigan only pays for in home care if it costs less than in facility care.

round the clock care will easily run $400 per day...or $12,000 monthly. That is if you could find a licensed agency willing to accept only $20 per hour.

in home care 24/7 is always more costly than in a facility unless the family is providing some of that care for free.
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Medicaid allows one to keep their home. At least here in Mi, it does. It also paid for round the clock in home care for my dad. There was a spend down he had to meet monthly of $500. After that Medicaid paid. My mom had to spend down most of their investments to reach a certain level, to get dad on medicaid. She got to keep $10,000 in her name and the house and vehicle. How she spent the investments down was to cash them out and used the money to pay for private help until money was gone. Then Medicaid covered everything.
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worriedinCali Apr 8, 2019
Well she’s in CA so MI and Medicaid doesn’t apply. California has its own version of medicaid called medi-cal and its rules are different. Medi-cal will NOT pay for round the clock care and they will not let you have a rental property.
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Undortunately you mother is not eligible for LTC insurance because of her Alzheimer’s. What you will have to do if she can’t afford to self-pay for memory care is apply for long term care medi-cal. She may have to liquidate assets, if she has any, in order to qualify. Medi-call will likely NOT allow her to keep the house & collect rental income because it won’t qualify for exemption.
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