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Eldercare
Reply to "senior living applications & financial disclosure "
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[quote=Anonymous][quote=Anonymous]Because they are going to drain his accounts. That is what these places do. They drain you to get you on medicaid. [/quote] Only some. Most CCRCs just have a significant buy in. The others will have access to your $$ in case it turns into Medicare. That is why you have to research. For instance, Riderwood is buy in, and the $$ is returned unless the person uses all the services and amount in critical care, if it ever gets to that point. Others assume you will use all your assets in continuing care. I guess if you dont, the remaining goes back to the family. Depends on the place. For places that aren't continuing care, they do a full financially to see if you can afford the monthly rent. [/quote]
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