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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][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] Really, the ideal would be for social programs including Medicaid to pay for more people to be cared for at home. It is dramatically cheaper than congregate care, raises quality of life, and is barely available in the US to people who cannot privately pay for it. This bill does nothing towards that end even though it also would have been a way--a much more humane way--of reducing costs. [/quote] How do you figure that it's cheaper? When we researched this for an elderly family member, assisted living cost $10k per month, while caregivers at home cost $30k per month.[/quote] Assisted living is not the same as having a dedicated caregiver 24/7, which is why the latter costs much more. In AL many residents share the services of a small number of home health aids, and maybe of a nursing assistant, with perhaps a single RN for an entire building at any given time. The residents are mostly on their own for most purposes, receiving intermittent help and attention throughout the day, but nowhere near continuously. For this reason some people supplement institutional AL employees with some number of privately hired personal aids who support only their individual family member for a certain number of hours each day. 24/7 care, whether in-home or in a nursing home setting is much more expensive because the staff to resident ratio is 1 to 1, or close to that, rather than 1 to 6, even up to 1 to 20. [/quote]
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