My mom has Medicare and we have to get a new supplemental policy. I don't know which to choose. I want one that would be best for someone who has recently been diagnosed with Alzheimer's. We will have to put her in a memory unit in the next year or two. Any help would be appreciated.
http://goo.gl/NwZxhB
http://goo.gl/M2L06b
Hope this helps :)
Unless your mom already has long term care insurance, when she goes into in memory care facility, Medicare doesn't pay that. It's private pay unless a person has no funds, in which case you apply for Medicaid. Some facilities are private pay only, you have to find ones that take Medicaid. If you expect your mom to need these living arrangements with in 2 years and she doesn't have enough money to cover that herself, you will have to apply for Medicaid and they do have a 5 year lookback. Be very careful that from now until then you only spend money on her, no giving away a chance of money or other gifts.
Tell us a little bit more about the specifics of her situation and you will get more detailed answers. I'm sure we're all hoping right now that you already have the DPOA and FPOAs in place, plus wills and trusts and nomination of conservator. If your mom has assets, and those documents aren't already in place, possibly even if they are, you may need to be visiting an elder law attorney since it seems that you believe she will have to be in residence within a couple of years.