Medicare doesn’t cover the full amount of many things, so some get medicaid in addition to bridge the difference. You have to be dirt poor for that in NY. That may change a bit with the new health care laws, but I don’t have any info about it.
When my Grandmother-in-law went into a nursing home (unnecessary at that time, and I argued strongly against) it was still a 3 year look back in NY. She had her own money to pay for the nursing home, and owned her personal home outright. I knew that the costs of the nursing home would blow through her funds (she was in great health, but unsteady on her feet)and that the state would attach her property, so I advised my future husband to get with her and the attorney to protect it.
She paid nearly $500,000. to that nursing home over four years, and wasn’t even in the “full care” ward until the last 10 months. She had enough funds to pay for her health coverage (had it for many years, nice premiums-good coverage)and prescriptions until the end but had to sign up for MEDI-CAID to cover the costs for the FACILITY once the bulk of her money was gone. We don’t feel the least guilty for protecting the house from the costs.
The last year that nursing home payments were made from her account it cost over $12,000 per month. Not including any actual medical care at all, which the state never paid a bit of.
My MIL was pissed that there was no money left, but I had warned her over and over what would happen, and advised the family to do it much differently. My MIL made the call because she didn’t want to be bothered with it all. She was FURIOUS when she found out that the house was being given to my husband. Tough shit for her. She wanted her mother out of the way, and didn’t want any responsibility for any of the maintenance and administration of the accounts, nursing home, property, attorneys, etc. She just wanted power of attorney, and expected the house. She got neither.
It’s a tough lesson to learn, but the simple truth is that when it comes to finances, the world is really just too complicated for a lot of people to understand.
The situation you describe happens all the time.
The sheeple are clueless when it comes to keeping vultures away from their assets.
Also clueless about passing down family wealth.
Also clueless about keeping money IN the family through marriage.
Of course, NWO has absolutely no morals, but that’s a different story.
It’s why new world order treats sheeple with such disdain, because they make such mistakes, allowing their assets to be “snookered” away from them.
Don’t forget, NWO are the “evolution” people - they believe they have a right to enslave anyone dumb enough to be enslaved. NWO are the original “survival of the fittest” people.
After all, what is the point of saving up $500,000 in one’s life...
if instead of passing it on to your heirs (who could perhaps use part of it to pay for the education of a gifted grandchild, or perhaps use part of it to set up a family member in a small business)...
you simply allow it to be grabbed by non-family members who are lazy crooks and scam artists.
For $12,000 per month, you could stay at the finest hotels.
Stand with a stopwatch and keep a log of all “care” provided by the staff. Try some of the “food” that is provided. Ask if there is a doctor available in the building. See how many times a registered nurse comes into the room. Tally up the cost of the equipment used in their personal “care” regimen.
Nursing homes would be overpriced at $2,000 per month. Sounds like $10,000 worth of scam.
Made possible only by government regulation, which keeps out all competitors. Every nursing home is legally required to be run the same way.
Do you see how the post-WWII cultural shifts were required to put this massive scam into place ?