enough and too much all at the same time. Funds aren't available for out of pocket help. Burning the candle at both ends may have cost me my job. Now what? Flexible job suggestions? Bills still need to be paid.
What are your fathers health problems ? If they are significant enough for SNF he can spend down and apply for Medicaid . Depending on where you live Medicaid will pay for AL.
If he can’t afford AL and he’s not “ sick enough for SNF “ that can be a problem in placing him until he gets worse . In the meantime can you use his funds for some homecare until it’s ironed out where to place him , so you can go to work ?
You can't sacrifice your career for caring for your dad. I think you should put dad in a facility that takes Medicaid. He will have to spend down his money and then he will qualify for medicaid that will pay for the nursing home for the rest of his life. They will take his social security and probably any other income he might have.
Its the monthly income that is looked at. Any assets he has can be spent down by placing him. Even for two months. Things change, but in my State assets cannot be over 2k and monthly income, Social Security and pension, cannot exceed $2300. Some States have Medicaid Income trusts where the overage gets deposited in the trust so the person can get care Longterm.
I suggest you see an Elder Lawyer well versed in Medicaid. Houses and one car are exempt assets. So are some other assets.
You really need a good elder law attorney to help you work through your Dad's assets in his office, or a good CPA. You need, if you are POA, to understand how to access his assets for his care. Whether it is too much in savings, investments, 401Ks, of pensions, there is/will be a way to get your Dad into ALF or Board and Care or Nursing Home facility with the use of his assets until they are gone. There WILL BE A WAY. We often hear "I can't qualify because I make too much". With good advice there is a way to spend what you make, and have support thereafter to pick up the rest via Medicaid. You just need the proper advice.
If Igloo is around, and if you provide DETAILS of why your Dad is told he doens't "qualify" Igloo can likely give you the skivvy as she is very up on these things. But other than Igloo, I know of no one on Forum who is a CPA, financial advisor or elder law attorney. I only WISH.
I would consider, as your Dad DOES have assets, that you reach out to an aginglifeprofessional at aginglife.org. Medicare and Medicaid can provide you with info if you use searchbar to search for Medicare Consultant. Alz.org is a good website for info. You might try reaching out also to www.NPAF for advice about where to consult. That's the Independent Board Certified Patient Advocates who help with medical concern. If they cannot help they may guide you to others.
It is not now doable for you, and it will be worse in the future. Lose your job and you lose your job history, your finances, your savings for your own old age, your job history. We see people end up homeless and jobless and penniless, so at the very least, if Dad is living with you you need an elder law attorney to work out a care contract and shared living expenses contract.
If they are significant enough for SNF he can spend down and apply for Medicaid . Depending on where you live Medicaid will pay for AL.
If he can’t afford AL and he’s not “ sick enough for SNF “ that can be a problem in placing him until he gets worse . In the meantime can you use his funds for some homecare until it’s ironed out where to place him , so you can go to work ?
I wish you luck .
Best of luck.
I suggest you see an Elder Lawyer well versed in Medicaid. Houses and one car are exempt assets. So are some other assets.
If Igloo is around, and if you provide DETAILS of why your Dad is told he doens't "qualify" Igloo can likely give you the skivvy as she is very up on these things. But other than Igloo, I know of no one on Forum who is a CPA, financial advisor or elder law attorney. I only WISH.
I would consider, as your Dad DOES have assets, that you reach out to an aginglifeprofessional at aginglife.org. Medicare and Medicaid can provide you with info if you use searchbar to search for Medicare Consultant.
Alz.org is a good website for info.
You might try reaching out also to www.NPAF for advice about where to consult. That's the Independent Board Certified Patient Advocates who help with medical concern. If they cannot help they may guide you to others.
It is not now doable for you, and it will be worse in the future. Lose your job and you lose your job history, your finances, your savings for your own old age, your job history. We see people end up homeless and jobless and penniless, so at the very least, if Dad is living with you you need an elder law attorney to work out a care contract and shared living expenses contract.
Wishing you good luck.