Finances

GloriaV
GloriaV Member Posts: 12
First Anniversary 5 Care Reactions First Comment
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in I Am a Caregiver (General Topics)

This is what worries me the most. How are we going to financially pay for my DH’s care. We rent our house, don’t have savings or long term insurance and we make too much for Medicaid. This totally freaks me out. My DH just thinks insurance is going to pay. I need to work. When the time comes I don’t know what to do

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  • DeeDee624
    DeeDee624 Member Posts: 3
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    Don't panic. There are resources. I recently spoke to an Elder Care Attorney and they have a Medicaid expert in their office who has helped qualify so many people with no savings or assets but too much income. You just need to find the right resources and help. Is your DH a Veteran? VA Healthcare can also help a lot. Find a good Dementia or Memory support group in your area. The people who attend and are further along the journey will have invaluable advice and recommendations.

  • GloriaV
    GloriaV Member Posts: 12
    First Anniversary 5 Care Reactions First Comment
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    Thank you for commenting. It gives me comforting

  • JJ401
    JJ401 Member Posts: 412
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    Make an appointment with an Elder Care attorney now. Go by yourself and talk to one. They will explain how Medicare works in your state. (Each state is slightly different.) Getting knowledge can ease the stress and worry you are feeling.

  • GloriaV
    GloriaV Member Posts: 12
    First Anniversary 5 Care Reactions First Comment
    Member

    I have looked up some. I am going to get papers together. I think going by myself for at least the first appointment is a very good idea. Thank you.

  • H1235
    H1235 Member Posts: 2,410
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    You may have seen this before, but just in case you haven’t. It’s complicated, but maybe it will help you with some quest to ask the lawyer. I agree that you should do this as soon as possible. You might also check with your local commission on aging.


    https://www.medicaidplanningassistance.org/medicaid-eligibility-income-chart/

  • Damiross
    Damiross Member Posts: 85
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    My wife is in a Medicaid Program called Programs of All Inclusive Care for Elder (PACE). It is actually a joint Medicaid and Medicare program. They pay the majority of the money for memory care. The social security she gets is also paid to the Medicare Center. There is a small amount that is for personal items if she needs them at the center. This link may help you to get more information https://www.medicaid.gov/medicaid/long-term-services-supports/program-of-all-inclusive-care-for-elderly

Commonly Used Abbreviations


DH = Dear Husband
DW= Dear Wife, Darling Wife
LO = Loved One
ES = Early Stage
EO = Early Onset
FTD = Frontotemporal Dementia
VD = Vascular Dementia
MC = Memory Care
AL = Assisted Living
POA = Power of Attorney
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