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[quote=Anonymous][quote=Anonymous]My priority would be to find your parents an [b]assisted living facility that accepts medicaid[/b], so when they (or you) run out of money, you are not scrambling to find a place for them.  My grandmother's, who is in her late 80s, health improved dramatically when she moved to assisted living.  Of course she has severe dementia and needs 24 hour care, so it is crazy expensive.  I would look at your finances very carefully and assume they will live into late 90s.

I am personally praying that I kick off from a heart attack around 80!  [/quote]

There is no such thing.  Medicaid covers skilled nursing - not assisted living.

Many assisted living communities are associated with skilled nursing ones (aka nursing homes).  So, I agree with your strategy - find one of these which accepts Medicaid in the nursing home area, and have the ILs pay for assisted living and the nursing home for as long as they can.  When they run out of money and are already in a place with Medicaid-accepting beds, they will have priority for those beds.[/quote]

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