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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Laws vary a great deal by state. You need a financial advisor in your state who's experienced with seniors and Medicaid.

The point of this is, from their perspective, to figure out how long he can pay his bill for, and how much Social Security and Medicare and maybe Medicaid he'll have when he runs out of his own money. Ideally he doesn't run out, but some people do.[/quote]

His pension and SSI will cover the monthly payments for senior living. They’re reasonable in his area, around $2,500/month.

That’s why it seemed intrusive to ask for his life insurance, stocks, total assets. 
[/quote]

It rarely ever stays at that amount as you age. Eventually many seniors need medication management, their laundry done, help bathing, etc. They might temporarily get sick and need an aide for a month. All that costs more money.

The place probably won’t take anyone who only has $2500 a month in pension/ssi. They need to see that if you need more help which is usually inevitable, you can afford more. [/quote]

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