Believe it or not, elderly or sick individuals that need a personal care service (PCS) or assisted living/long-term care need to prepared to pay for this out of pocket. The assisted living range is from $3000 to $8000+ per month. In-home care is in the range of $15-$20+ per hour. Society in large does not have that kind of money in the bank. Several times I have met with individuals who have picked out a facility for mom or dad and then say, "okay, how do we pay for this"? More times than not, mom and dad do not have long-term care insurance. Let me be clear...Medicare does NOT pay for these things. Unfortunately, most elderly must resort to applying for Medicaid.
Medicaid, is a joint state and federal fund that runs on a reimbursement theory. After all, how can our future generations tap into Medicaid if it goes to help everyone now without replenishment? It must be restocked. This is why safeguards are in effect to help replenish the fund. Those with some must lose some to qualify, and those with more may lose more to qualify.
In order to qualify for Medicaid, one must have exhausted all financial means. This means he/she cannot sell the house to the kids for 5$ or hide 20 antique cars at a nephew's shop. This means one has no other options except to accept financial aid. Adult children find this hard to digest since they may be expecting to get "willed" those 20 antique cars or the family farm. They will be thankful however when they become frail and need to live in a facility themselves and cannot afford the monthly fees.
All employees pay into this fund as tax payers. Therefore, the more people working/paying taxes and less utilizing the services the better. This is not the current trend however. It is necessary for those that utilize the services to replenish the funds with the resources they have available because loving and caring for the elderly is not inexpensive. All of those employees get paid and pay taxes to provide that care. I believe that if we inform the public now, maybe we can make these funds last longer or at least have more financially prepared generations in the future. As always, feel free to contact me directly 591-0527 with any questions or lend your thoughts on this blog. Respectfully, Brandie