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In reply to the discussion: Elder care costs keep climbing; nursing home bill now $91K [View all]pnwmom
(108,990 posts)get financial aid -- in this case, Medicaid. Medicaid pays its allowed amount to nursing homes, which is considerably lower.
http://www.payingforseniorcare.com/longtermcare/paying-for-nursing-homes.html#cost-table
Medicaid and Nursing Homes
Medicaid through its state affiliates is the largest single payer for nursing home care. While estimates vary it is safe to say that Medicaid pays at least 40% of the total nursing home costs in the United States. While on the surface, this may sound encouraging for families whose loved one requires nursing home care, it is important to be aware that Medicaid is a means-tested program, meaning that the applicant's income and financial assets are closely analyzed prior to acceptance into the program. Persons must meet strict financial guidelines in order to qualify. However, should an individual qualify, Medicaid will pay for 100% of their nursing home costs at a Medicaid approved skilled nursing facility.
Medicaid's eligibility requirements vary depending on the age, marital status and state of residence of the applicant. A rule of thumb for financial eligibility is the $2,000 / $2,000 rule. The applicant's monthly income cannot be greater than $2,163 and the value of their financial resources cannot be greater than $2,000. However, they are many exceptions to these rules. Certain resources, such as one's home, are considered exempt from counting, other resources can be allocated to a non-applicant spouse. There are similar exceptions made for the applicant's income. Learn more about Medicaid eligibility or find assistance qualifying for Medicaid.