My mother is currently in a facility, diagnosed with stage 1 dementia. Her long term care pays for this until her expenses reach $150,000(approx 1 more year). She is also in bankruptcy and has no assets, savings, etc. What are my options for care once the long term care runs out. She receives $2800 a month from which I am repaying her bankruptcy(chapter 13) and supplemental insurance, and medications, expenses, etc. Where do I start?
As Pam says, when Mom runs out of money, Medicaid is the next step. You have a good long window to start preparing to apply.
We live in Florida and the laws that were in effect at that time did not require that I went back 5 years. There was "homework" that I needed to do, but that was not part of it. The attorney will be aware of what your state specifically requires.
Good luck, and best wishes.
I agree...she should be in chapter 7. If her income is ONLY social security and pension and she has no assets...she should have discharged all her debt in chapter 7.
Consult with an Eldercare Lawyer that will help you through this process.
Yes they cost a bit but well worth it if you can get some of the financial weight lifted.
We're wishing you the best on your difficult journey. Keep in touch when you can.
Carol
Our preparer says they will pay her first mo. In the lovely nursing home.
She lasted 10 days.
Also in Mo. The paperwork was for 5 mos. No tax papers for years, the one big catch was she had a $1200 extra policy to carry her to her home town since she moved 100 miles away. It wasn't non- revocable and I had to put it in my name and give her the cash value, then spend it. (MY MONEY!). Now that she died, a month later, even the funeral home doesn't know how they will handle it. It now DECREASES in value a few cents a month and I want to get it out of there!
The funeral was lovely ( yesterday) but we aren't done yet. I agree, Medicaid is next.
Your income and assets are not your Mothers.
What happens if she does not have 5 years worth of receipts?