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. Our house is paid for and in both our names, our savings is in both our names, and he has an IRA in his name and I have one in my name. 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 anyway to protect my assets?
www.azaging.org/
--- from Google:
What Programs Are Available To Assist Elderly Adults in Arizona?
What Medicaid Waiver Programs are in Arizona? Arizona has one 1115 waiver, The Arizona Health Care Cost Containment System. Arizona does not have a 1915 Home and Community Based Services Waiver.
What state department manages the Medicaid waiver program for aging adults in Arizona? The Arizona Division of Aging And Adult Services (DAAS) supports at-risk elderly Arizonans to meet their basic needs and to live safely, with dignity and independence.
What programs assist older adults in Arizona? The Arizona Health Care Cost Containment System assists eligible senior citizens who need long term care. The Arizona Health Care Cost Containment System (AHCCCS) is a section 1115 Demonstration Waiver.
What is the best number to call to get started? To learn more about services for elderly persons, call your local area Agency on Aging (AAA).
website https://www.azdes.gov/daas/
And Brit38, you are so right! Yes, I felt the same way about applying for Medicaid for my husband. We were married for 57 years before we got the divorce to qualify him for Mediciad. We too have worked hard, got our IRA's and saved as best we could over the years. We've paid in for 60 years!
I don't feel the least bit guilty for using any loophole available to have him taken care of in a decent facility.
Bless you...I so agree!
Getting coverage has been a life changing benefit
VERIFICATIONS NEEDED FOR MASSHEALTH /Medicaid APPLICATION
Birth Certificates for each of you;
Social Security Cards for each of you,
Copies of all health insurance cards (front and back) for each of you;
Premium bills for all ;
Three years of ALL bank or financial statements.
If any accounts have been closed in the past 3 years,
six months of statements leading up to the closing of the account
as well as the last statement showing a zero balance.
Checking account statements should include copies of processed checks. Please continue to provide current bank statements as they become available. Please note that the Caseworker at Medicaide may request statements going back further than two years;
All life insurance policy information including verification of current cash surrender value;
All information regarding any pre-paid burial contracts/plots;
Stock, annuity, bond or any other investment information.
provide current account statements as they become available;
Verification of income including burial contracts/plots;.
Vehicle information: title or registration for the two cars;
Two years of most recent tax returns.
ONLY COPIES ARE REQUIRED
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