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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][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] The overwhelming majority pay with Medicaid. Are you a US adult and just discovering this?![/quote] This. Most elderly run out of money, have to sell their house, and end up bankrupt before starting Medicaid. [/quote] No offense, but that's the way it's supposed to work. Medicaid is there when you have no money. You're supposed to save for retirement, spend your money on retirement. And if you run out, Medicaid is there. So many people want to hoard their money or pass it on to the next generation, while having Medicaid pay for their care.[/quote]
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