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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][quote=Anonymous]Im not sure I understand your question? If she’s there, and Medicaid is paying, what makes you think they’d stop? Your relative, at their age, also has Medicare [/quote] Medicare doesn’t pay for nursing homes.[/quote] So how do people pay for nursing homes? It's very expensive [/quote] By planning for the possibility of such expenses late in life, and saving and investing accordingly instead of spending as if the possibility didn't exist. [/quote] Even if you have 1-2 million and two people, that can easily be gone in 5-10 years, and some people are in it for longer. [/quote]
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