Reply to Why save for retirement if medicaid will cover your costs!?!?

Forum Index » Money and Finances

Reply to "Why save for retirement if medicaid will cover your costs!?!?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Medicaid pays for end of life type nursing home care.  there are not a lot of places that take Medicaid anymore.  the care is pretty poor.  
people who have saved will be able to use the money to spend $2,000 - $3000 a month on an assisted living type place where a couple can live together in a hotel room type place, go to the dining room, play cards, go on little trips etc.  food is taken care of in the dining room and staff is on site 24 hours to check on folks, doctors on site etc.

if they can stay in their home, they can pay for an aid to come to the house to help with bathing etc.  Medicaid pays for very little aid and it is often very very limited.  folks on MCD really need to rely on family to pick up the slack.

saving for retirement and elder care is really smart and absolutely does not put you in a bad position.  those hoping medicaid will just pay have no idea how it works.  sure if they are dying, have zero money and need a place to go, there is a facility BUT it is a scary place.

[b]my grandpa went to a Medicaid facility just for a bit to recover from an illness (too sick to go back to assisted living for a couple weeks).  the place was horrible.  people half out of it just sitting in wheel chairs in a room with 50 people and the TV on.  it was so awful I couldn't go back and certainly kids couldn't see it.  the people were treated like cattle and hoarded into rooms.[/b][/quote

[b]My grandmother went to a facility that Medicaid paid for to recover from a stroke.  And it was actually a nice facility.  She had her own room and television.  The care she received was very good. [/b] [/quote]

I was wrong.  It was paid for by Medicare, not Medicaid.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics