What happens if my husband goes into a nursing home?
I am 10 years younger and depend on our money to carry me through the rest of my life and I don’t want to have to spend all our savings on his care. I though about divorce but I would lose my health insurance and I still have 5 more years before Medicare.
Is there a way of protecting my assets if husband has to go into a nursing home?
– AgingCare.com Is there a way of protecting my assets if my husband has to go into a nursing home? My 70 year old husband was diagnosed with Alzheimers a couple of years ago and going downhill fast. If I eventually have to put him in a nursing home, is there anyway to protect our assets from financial ruin.
Can a retired couple live in a nursing home?
Retired New Brunswickers with spouses in nursing homes have raised this issue before. In 2003, Elizabeth Martin, Rachel Bourgeois and Bonnie Hayward said they couldn’t afford the costs of keeping their husbands in care. No couple needs to legally separate to maintain the cost of the spouse living at home.
Can a 70 year old go to a nursing home?
My 70 year old husband was diagnosed with Alzheimers a couple of years ago and going downhill fast. If I eventually have to put him in a nursing home, is there anyway to protect our assets from financial ruin.
What happens if my husband goes to a nursing home?
If Medicaid pays for your husband’s care in the nursing home, you will not have to contribute anything from your income towards his cost of care. You will also be entitled to keep a portion of his income. Medicaid will use a formula to determine your income needs.
Why did Laurie Graham put her husband in a nursing home?
Laurie Graham’s husband Howard (pictured with Laurie) was diagnosed with Alzheimer’s in his 60s. As his condition progressed, she was forced to admit that he needed to be moved to a nursing home As Howard’s condition progressed, his moods had become volatile.
Can a healthy spouse pay for nursing home care?
You, as the healthy spouse, have a monthly income of $2,800. Therefore, your income is $100 / month over the MMMNA, and your spouse cannot supplement your income with his or her own income. However, you can keep all your income and your spouse will have their nursing home care paid for by Medicaid.
When did I put my husband in a care home?
At the beginning he was still able to work, drive and generally care for himself. But gradually dementia invaded every aspect of his life, robbing him of his independence and his memories. By the summer of 2016, looking after him had become a full-time occupation for me.