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RetiredVermonter writes,

Medicaid will pay IF you are damned near broke! For those of us with SOME resources, no dice. In other words, for those of us (and there are many, I think) who have some savings and property, assisted living would quickly break us.

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Get yourself to an attorney that specializes in Elder Care issues. There are ways to organize your financial affairs so that if one spouse ends up in a nursing home, it doesn't bankrupt the other. The only catch is that you must have everything in place a minimum of 5 years before admission to the nursing home.

This is one area where ignorance can cost you big time. There are otherwise healthy people with Alzheimer's who are wandering around for 10 or 15 years before they expire. There's no way someone can manage that at home without a team of caregivers.

intercst
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