No one wants to think about a time when they can’t take care of themselves, but for some people it is inevitable. Rather than allowing the transition to catch you off guard and unprepared, it is a good idea to start Medicaid planning early. Here are some signs that you should be thinking about Medicaid planning.
Dementia or Alzheimer’s Diagnosis
Often dementia or Alzheimer’s disease is diagnosed early on. And when that happens, you have an advantage. If the disease is caught early enough, you will have some time with your wits about you to make plans for the eventual time when you will need to be cared for. As soon as you have such a diagnosis, you should begin Medicaid planning to cover nursing home costs.(more…)