My wife is on Medicare and I have health insurance from the business I retired. She has Alzheimer and will soon need to go into a nursing home with memory care. what happens after the 90 days. Do i have to pick up all the bills again, and do i need to sell the home i own now and get ready.
Another option, see if your community as a Senior center. They may be able to help you apply for funds that will allow you to keep your wife at home longer. Also look into Adult Day Care. Great for her and great for you since you both get a break.
If possible keeping your wife at home can be less expensive than Assisted Living/Memory Care.
I may be assuming something that is not true, but if she has had a recent hospitalization you might want to look into Hospice to determine if she would be eligible for Hospice services. They will provide you with equipment, you will get a nurse that will come at least 1 time a week, a CNA that will come at least 2 times a week to help with personal care, a bath, dressing. They are a wonderful resource and even if she does not qualify at this time you will get information that will be very valuable to you.
Next...you do not need to sell anything. Yes, you will have to pay for her care..but..the rules are different in each State..but generally you will be allow to keep half of the liquid assets (a max of about $80,000 is typical) You will keep all of your income and some additional from her income to bring you up to about $2,000 total monthly (remember..rules change by State). As long as you are living in the home..you keep it. You keep your car. Etc.
When there is only $2,000 left of her half...then you apply to Medicaid for payment for her care.
I suggest you get an attorney ... speciality in elder law and Medicaid right away. You need help getting through this process.
Sell nothing until you have legal guidance.