I got my Mother a coop. She has community medicaid so 24X7 HHAs. The only agency that I had have neglectful and abusive aides who do not change pamper or properly (so constant UTIs). They are not caring for her properly and she screams from the dementia. She cannot see or walk or feed herself. She is totally dependent. The Neurologist says she must get out of bed for her health and stimulation. Technically the HHAs on medicaid are not supposed to administer medication or use hoyer lift without 2 people. She does not qualify for Nursing Home Medicaid because I stupidly put her jointly of some of my savings accounts for FDIC insurance. It was NEVER ANY OF HER MONEY. She has no money. I do not know what to do???? I feel trapped and I am so burnt out from fighting with the lazy administrators in the PROGRAM she is in as well as the home care agency. She lives in an area where they are no available HHAs or very limited. Trying to get another agency but on one is responding. The last HHA I had a fight with (had not changed pamper all day and would not answer the phone in my Mother's home, so We Fought Over the CAMERA). She called the POLICE AND EMS and they put my mother in the HOSPITAL. I DO NOT KNOW WHAT TO DO. I got her a coop with my pension savings. ANY ADVICE WOULD BE GREATLY APPRECIATED. She cannot give herself the medication. I do not have $360,000 a year for a NURSING HOME PRIVATE PAY??? CAN A LAWYER HELP ME IF I CAN PROVE IT WAS NOT HER MONEY??? I WAS REALLY STUPID!!!
You then go on to say your mother has NO MONEY and you bought this co-op 'with my pension savings.'
And lastly, you say, " She does not qualify for Nursing Home Medicaid because I stupidly put her jointly of some of my savings accounts for FDIC insurance. It was NEVER ANY OF HER MONEY. She has no money." What does "FDIC insurance" have to do with the price of eggs?
It sounds to me like you're hiding your mother's assets in an effort to get her free Medicaid and now are at a loss b/c you don't like the quality (or lack of quality) of care that she's getting for free.
Is that accurate, or am I totally off base & missing something here? Apologies in advance if that is the case.
Definitely contact a Certified Elder Care Attorney who can guide you and help you figure your way out of this situation your mom is now in, provided there is a way out. Hopefully you've kept immaculate financial records of everything that's transpired all along with these purchases & bank accounts, etc.
Best of luck.
It isn't an issue for most people, since it is very unusual to keep more than $250,000 uninvested. If one has that much money, one wants it to make more money by being invested in the stock market, real estate, muni bonds, or something that has a chance of keeping up with inflation.
Occasionally, this becomes a concern when a house with a good amount of equity is sold, but it is really, really unlikely that a bank would actually fail.
Maybe the OP has $500.000 in the bank. Maybe $250,000 is in a joint account with Mom. Maybe she somehow qualified for community Medicaid that covers 24/7 in home services without anyone noticing "her" $125,000 half of the account.
It does seem like we are missing something here.
Which is more important to you – mother or your dogs?
Check with your bank, if you have not already done so, to see if this is true for you.
As to finding good aids today no matter where they work, that is a question foremost in the minds of many.
I wish you good luck.