Assisted Living After the Money Runs Out?

[marko]

Be careful with this. I am not an expert by any means, but I had a friend who was an elder care attorney and he was fighting a case where the elderly person on Medicare was put in the hospital for an ailment and the nursing home would not allow them back claiming they were beyond their care. So there are ways of getting around this.

At the end of the day a good elder attorney is the answer to all of this. Pay the money and get it done to your advantage

 

[MBSC]

Mom has a Prudential life insurance policy that I'm all but sure is a stupid waste of money, but just try telling her that!

It may include an LTC rider depending on the policy.

http://www.prudential.com/media/managed/Final_Copy_BenefitAccess_Rider_Consumer_Brochure.pdf

Using Life Insurance to Pay for Long-term Care - Long-Term Care Information

 

[Tailgate]

I agree that an elder care attorney is a must. Rules are complicated. Here is a link to medicaid income cap and other info for Texas. There is a good bit of legal and general advice for elder care issues on this site... example: can a prepaid funeral expense qualify for spend down rules to reach medicaid eligibility? (yes)