Reply to Why save for retirement if medicaid will cover your costs!?!?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Medicaid pays for end of life type nursing home care.  there are not a lot of places that take Medicaid anymore.  the care is pretty poor.  
people who have saved will be able to use the money to spend $2,000 - $3000 a month on an assisted living type place where a couple can live together in a hotel room type place, go to the dining room, play cards, go on little trips etc.  food is taken care of in the dining room and staff is on site 24 hours to check on folks, doctors on site etc.

if they can stay in their home, they can pay for an aid to come to the house to help with bathing etc.  Medicaid pays for very little aid and it is often very very limited.  folks on MCD really need to rely on family to pick up the slack.

saving for retirement and elder care is really smart and absolutely does not put you in a bad position.  those hoping medicaid will just pay have no idea how it works.  sure if they are dying, have zero money and need a place to go, there is a facility BUT it is a scary place.

my grandpa went to a Medicaid facility just for a bit to recover from an illness (too sick to go back to assisted living for a couple weeks).  the place was horrible.  people half out of it just sitting in wheel chairs in a room with 50 people and the TV on.  it was so awful I couldn't go back and certainly kids couldn't see it.  the people were treated like cattle and hoarded into rooms.[/quote]

[b]Not always true.[/b]  My grandparents were in an amazing assisted living facility.  It was like a luxury hotel.  They had a pool, a fitness center, a wonderful cafeteria, all kinds of activities....  My DH and I used to joke that we would love to live there now.  It set up so that you could start out living fairly independently in cottages and then gradually step up to more care as needed.

My grandparents were very wealthy and paid of of pocket.  They had many friends in the center receiving exactly the same care but using medicaid.  Most started out self-paying and then switched to medicaid when the money ran out.[/quote]

Medicaid doesn't cover assisted living.  It covers skilled nursing facilities (and not all of them).  [/quote]

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