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My mom is currently living in a licensed Residential Care Facility she has Dementia/Alzheimers but she is soon to be out of money. Is there any assistance for her now!

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She would need an Alzheimers facility inspected and approved by the state of California. Call your county office of the aging for a list of approved ones, hopefully hers is on there. Work with her case coordinator as well.
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The facility where she is now residing should be able to give you information on what the next step is, and if they accept Medi-Cal. Start the process now, as the application process takes time.
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Usually there is no Medicaid benefit for AL (at least in CA), but it depends on your state. Assisted facilities may offer a reduced rate when residents are low income but those slots are limited. Always ask when going in to a facility what will happen if funds run low or are gone.
Skilled facilities will accept Medicaid, but you get a better shot at being accepted into the one of your choice if you go in before funds are gone. Many will not take folks who are on Medicaid as new residents. If your mother has a hospital stay (NOT "observational") of 3 and a half days, be sure to have her go to rehab in a nursing home you like. Once there w/ Medicare paying (usually just 2-3 weeks), she can remain there on Medicaid.
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Medicare will pay for "rehab" in a skilled nursing facility for up to 100 days (20 days covered 100%, days 21-100 with a copay of approx. $148./day unless your medicare supplemental insurance covers that portion - plan F is one that does) There really should be a book that everyone has access to that outlines everything in detail as to how to navigate the medicare/medicaid process for each state - it would make things so much less confusing for everyone.
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I forgot to mention that medicare will pay for the rehab "as long as there is progress" - if progress plateaus, then they stop paying.
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As a long-term care insurance agent, I have seen hundreds of folks need to go to rehab. Only one out of all those got to stay100 days, as he did not have any money and was not officially on MediCal. They could not figure out where to place him. 2-3 weeks is the usual. Once the operation is done and a person plateaus on therapy, they are usually discharged to home, or they start being billed for the skilled facility.
The hospital observational stay is not good--you wind up not eligible for money for rehab thru Medicare nor thru your supplement. The hospitals do not seem to alert folks as to that status, either. If their well meaning family or doctor place them in the nursing home, cost can be $200-500 a day, depending on room and care needed.
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I'm assuming you have HEALTH POA for your mom? I see according to your profile that you are in San Clemente California; is your mom in California as well?
If yes, what you need to do is go to your local transitional assistance department (TAD). This is a county office for the county you reside in. There is a comprehensive form to fill out and will result in about 7 to 14 days and a notification about a meeting. TAD is responsible for setting up medical and food stamps (EBT) among other things but its a place to start. Medi-Cal is California's version of MedicAid and will be required when your mom is out of money. You can get it vice and get the ball rolling ahead of time by doing this. If your moms current place of residence doesn't accept Medi/Medi (Medicare/Medi-Cal), be prepared that you may have to move her. If you currently have her on an HMO, she will have to be moved back to Medicare, but don't do this on your own until you are told to do so.
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corrections ...

TAD is responsible for setting up Medi-Cal and food stamps

you can get ADVICE and get the ball rolling
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