The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Big Problems wth LongTermCare Insurance||Date: 7/11/2013 1:01 PM|
|Author: intercst||Number: 72559 of 74001|
I would guess that you might not ever have been in a Medicaid only nursing home...i.e., a nursing home that accepts Medicaid in full payment for the stay. They frequently aren't the nicest places to be, or for family to visit.
I think that varies by state. In places like Connecticut and New York where they have strict regulations even the facilities that accept Medicare are in good shape. (That's why nursing home care is so expensive in those states.)
Heck, I even had an aunt in Oregon that lived to 100 and spent 15 years in a nursing home on Medicaid. Facility was in fantastic shape and well-staffed.
I don't doubt that there are horror stories out there, but I haven't observed it based on the four family members I seen in nursing facilities paid by Medicare.
|Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|