Reply to My parent has gotten sick very fast, other parent in denial, how to pay for nursing home in Virginia

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Reply to "My parent has gotten sick very fast, other parent in denial, how to pay for nursing home in Virginia"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Can't they do the deal where they essentially sign over their house to the nursing home and once the value from that is gone, then they would be medicaid eligible?  I know family friends have done this.  They essentially have to run through all of their assets.[/quote]

My mother is still in very good health and young (unde 70). I consider my father young at 71 but he has never been in great shape due to a chronic illness. I am alarmed at the rapid decrease in his health.  If they run through all their assets how does my mom live? [/quote]

She comes to live with you. If you don't have long-term care insurance, spending your own money is the only way to finance this until there is no money left. Will medicare pay for even a part time home health aid and you and they can fill in the rest? It is a tremendous financial problem for a lot of families.

Before you get to this point, though, make sure you've talked to the social workers at the hospital to find out if there are any other options.[/quote]

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