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My wife is an excellent care facility, but I don't know how long I will be able to pay for it. Is there any financial help available for a full Alzheimers patient? It costs about $75000 per year, and not many people can pay that for a long time.

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You need to see an Elder lawyer to have your assets split. Her split going towards her care, when almost gone, you apply for Medicaid. In my State, if you pay at least 2 years privately in an AL or MC and money runs out, you can apply for Medicaid if the facility excepts it. But those suffering from ALZ or Dementia may outgrow the ability for an AL and MC to care for them. Then its LTC when her split dries up with Medicaid paying for her care.
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Reply to JoAnn29
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You will have to speak with your own facility. They are usually privately owned and privately run. Most ALF and MC facilities do not accept Medicaid, but some do, and some do if you enter as private pay, after funds run out.
Call the administration now in this new year and request information or make an appointment.
You are correct that most people have limited funds to self-pay. If this facility doesn't accept Medicaid then you would be applying for Medicaid and working on a move to a Medicaid facility as the time neared.
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Reply to AlvaDeer
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You need to confirm that her facility accepts Medicaid and has beds. If so, you will need to know the financial timing of when to apply (since you have shared assets). You can discuss this with a certified elder law attorney and/or a Medicaid Planner for your home state (since rules can vary by state).
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Reply to Geaton777
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Most care facilities after one is self paying for a while will allow said patient to apply for Medicaid to pay for them to remain there.
I would ask your wife's facility if Medicaid is an option for your wife down the road.
I know that even the best facilities in my city will allow for Medicaid to take over after a couple years of self pay, so I don't see this as a problem for you.
And as always, it never hurts to talk to an elder law attorney to get all your ducks in a row.
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Reply to funkygrandma59
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