My mom was diagnosed with dementia. She is not ready for a nursing home yet, but I'm trying to plan for the future if that becomes necessary. She has a fairly good income because she waited until the last possible moment to file for social security (actually she never filed herself, but after her diagnosis, around age 70, I found that out and took her down to file--she was already memory challenged at the time)....but I digress.....
So, I checked around at different memory care facilities nearby, and every single one of them costs JUST a few hundred over what her income is. The only ones I see that are less do not have memory care.
She has a reverse mortgage so cannot sell her house to pay for this care, and she has no other assets to sell. She has no life insurance policy that I know of (and it's very doubtful she does). I could not afford to pay the extra few hundred per month.
So now I'm trying to decide on whether to plan for a facility in another state (we are in an expensive state) -- although I don't know if the average cost of care is any different, just assuming)....or if it's possible to apply for Medicaid to pay for the rest? I'm thinking they would say her monthly income of almost $3000 net would disqualify her? It's sad that you can't find decent care re for under $3000.
So., I guess that is my first question, does anyone know if it's possible to receive Medicaid to help pay the rest of the cost or would I have to somehow find a place, even if it means moving her out of the state (CA)? Thanks in Advance.