My mom is in an assisted living home. She receives about $1750 per month from her husband's railroad retirement, and she has about $225,000 total in her checking and savings accounts (from the sale of her house and previous savings). She has no other assets or income.
Her current expenses are about $4550 per month, which includes the assisted living, medical/pharmacy expenses, cable TV, telephone, miscellaneous groceries/clothing, and occasional hair cuts and foot care. If my calculations are correct, her savings will run out in about 6-7 years.
The AL we chose accepts Medicaid after two years of private pay. So, I assume the AL would be paid by Medicaid?
However, once she is on Medicaid, how will we pay for her other expenses (cable TV, telephone, medicines, etc.)? Does Medicaid cover those also? I know they have a personal needs allowance, but that wouldn't even pay half of her cable bill, let alone medicines or groceries.
I am concerned about what happens at that point since we will be retired by then and won't have extra money to help out.