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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]My spouse is an executive VP in the LTC business. They are not panicking yet. But everyone acknowledges that Funding may be lost. If that happens your relative will be evicted if that is their payor source. And if the home shuts down, there won’t be any chance of them being forced to keep people who don’t/can’t pay. Thing is that this is an evolving situation and no one knows what will be affected. But the places that will be hit the hardest are those with insufficient private pay to cover the losses. [/quote] Its a different medicaid, its long term care medicaid, not regular so its funded differently. Its anyones guess what will happen.[/quote] It is not funded differently.[/quote] The rules for qualifying for long-term nursing homes are different than basic Medicaid. [/quote]
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