Medicare doesn’t really cover assisted living afaik, though Medicaid can cover parts of it. Old folks who run out of money can often become “dual eligible” for both programs. A quick search suggests that almost two thirds of people in long term care are reliant on Medicaid.
When you say “run out of money” you aren’t kidding either, you need to be truly indigent for this to kick in. The system is designed to completely strip mine the elderly of all their assets.
My wife is 40, been fully and permanently disabled for years and gets both Medicare and Medicaid because of it. It’s called a Dual Advantage plan out here I think?
Medicare doesn’t really cover assisted living afaik, though Medicaid can cover parts of it. Old folks who run out of money can often become “dual eligible” for both programs. A quick search suggests that almost two thirds of people in long term care are reliant on Medicaid.
When you say “run out of money” you aren’t kidding either, you need to be truly indigent for this to kick in. The system is designed to completely strip mine the elderly of all their assets.
Can confirm. I work in end of life healthcare.
My wife is 40, been fully and permanently disabled for years and gets both Medicare and Medicaid because of it. It’s called a Dual Advantage plan out here I think?