To allow my mother to remain in her home, my daughter and I and my older sister live with her in her home. I am her full time, unpaid caregiver and have been for 7 years. My sister and I each pay her $300 a month to cover bills, utilities, taxes, insurance, etc. We also pay for groceries and our own personal items. Mom has a small savings that has been left in tact by us paying her rent each month otherwise it would be gone by now and she would not be able to live in her house.
Since I am not clairvoyant I do not know how Mom's health will hold up and I am concerned that it could take a turn for the worse and she may wind up needing to go into a nursing home. I was already told by one doctor that I needed to put her into a nursing home as I could not handle her alone, but medication was a life saver for us and she is home with us. If that happens she will wind up needing the assistance of Medicaid as I am disabled and do not have the finances to cover her care.
There is always talk of a spend down or penalty if a person has too much money when the time comes to need a nursing home. Would it be better if we let Mom pay the bills now as she will be basically doing her spend down? I do not see why we are paying the bills now so she can hold on to her savings, if Medicaid is going to require that she spend it anyway before they will help her!
It feels like we are falsely keeping her afloat and Medicaid if needed will want it all spent anyway.