Reply to Elderly parent is on Medicaid in nursing home, will they lose financing?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Im not sure I understand your question? If she’s there, and Medicaid is paying, what makes you think they’d stop? Your relative, at their age, also has Medicare [/quote]

Medicare does not cover SNF's, hence the need for supplemental insurance.  Medicaid pays (a pittance) for most residents in America. I'd be very worried about continued coverage for our most vunerable[/quote]

What is SNF?[/quote]

Skilled Nursing Facility — what people commonly called a nursing home.  Basically anyplace that needs more care than assisted living.

I have some knowledge of the industry and there’s already been a crazy amount of bankruptcies and closures already.  A lot of facilities seem to only get by with engaging in massive fraud, which often leads to indictments, and most of the non profits (like the Catholic dioceses) have gotten out of the business because they can’t make the $$ work.  The profit is all in the fancy private pay or the mediicaid post acute rehab facilities.   I think this is going to be a disaster for anyone who depends on Medicaid to pay their SNF.  
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