If you have a loved one who can no longer live alone at home in Arizona and who you cannot provide the needed care for, then it may be time to consider moving him or her into a nursing home. The main issue most people face is trying to afford this move. Nursing home services are quite expensive. If you are like many people, you may assume Medicare will help with the costs. Unfortunately, according to Medicare.gov, this health insurance option will not pay for long-term care in a nursing home.
Medicare will continue to pay for things including doctor visits and medications. It will not pay for the expense of living in a nursing home, which is going to be very costly. The only government insurance that will pay for these costs is Medicaid, but many elderly individuals do not qualify for it.
Medicaid goes off income only. If your loved one has too many assets or is getting too much from a retirement account or other investment, then he or she cannot get Medicaid. Of course, if you have to pay out of pocket for the nursing home, eventually he or she will not have anything left and can then qualify for Medicaid.
So, essentially, that is your main option. You will have to sell assets, cash in on accounts and pay for things out of pocket as long as possible. The only other saving grace here is if your loved one has long-term care insurance. This insurance could help with your nursing home expenses. This information is for education and is not legal advice.