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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm the poster that saves 2 401ks per years but otherwise believes in "YOLO". 
I actually work in the insurance industry, case managing the care of elderly patients who are insured through Medicare/Medicaid.   I have daily exposure to this world.

There are decent facilities that have Medicaid beds.  You just need to be a savvy consumer.  
Also, I am FINE risking this for the final years of my life if it means I can enjoy life, travel with my kids seeing the world in my (relative) youth.  It's a choice I make.  If I'm going to be nursing home bound and dependent on others for ADLs as an elderly person it's going to suck whether I'm in a Medicaid bed or at the Ritz. 
[/quote]

[b]It would be extremely hard on your kids, to see you impoverished to the point that you qualified for Medicaid. [/b]

I think maxing out two 401ks for 30 years should be enough for most people, though, assuming we get some social security 30-40 years from now, and you own a house free and clear at that point. You'd have over a million dollars. [/quote]

I know I'm speaking for a different (lower) economic level, but I will tell you that a great weight was lifted from us when my mother qualified for Medicaid. It's a blessing to see her get the care she needs.
Do people really have the feelings you describe?[/quote]

We are in agreement--as you said, "[b]a great weight [/b]was lifted from us when my mother qualified for Medicaid." It's hard on families when a parent needs care and can't afford it. Yes, it's good that Medicaid is there if there's no alternative, but isn't it better to save while you are younger to be in a position to get the help you need when you are older? I don't see how relying on the promise of a safety net program in the future so you can live it up in your 30's is a good strategy. [/quote]

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