My wife did this with her mom. I think in IN you have to give the house over to the kids 5 years before you can go into a nursing home and not have them come back and get your house.

But this has been going on long before Obama got elected. The health care industry has been raping old people and young people of their assets for a long long time.

The cost of health care bankrupts a lot of people who get sick and don't have good enough health insurance or no insurance. This is why a lot of people file for bankruptcy.

I've seen neighbors who were wealthy and owned good businesses get sick and have to go into a nursing home for months without any way of getting better. Their spouse had to sell off all the assets some how and got on Medicaid to help them with the costs. It cost them about $6000.00 a month to stay in the nursing home. You can go though a lot of money in a couple of years if you don't have some type of financial help. I'm talking about people who own homes with in-ground swimming pools and the house is over 2500 square feet with a pole barn that's over 2000 square feet. They make really good money fixing up other people's transmissions over the last 40 years. And they had a bunch of restored cars with a lot of money too. I don't know how they got on Medicaid with all those assets but they did. The guy finally died from complications of a big stroke. He had a stoke which put him in the nursing home in the first place.

My father had a big stroke and it put him in the hospital and then in the nursing home for only 3 months. My parents could not afford to keep him in the nursing home so my mom brought him home and took care of him for 8 long years until he died from a bacterial infection. He had prostate cancer and they said they cured him of that but I think that it just came back and got into his bladder which eventually killed him from the resulting bacteria infection. He swelled up with fluid and there was nothing that the doctors at the hospital could do as the bacteria were the kind that was resistant to the antibiotics they tried to use on him. So they sent him home from the hospital knowing that he was going to die. They gave us Hospice but my dad died before the first hospice nurse showed up. He died about 10 pm and the hospice people were scheduled to come the next day.

Just think it can happen to anyone and it can happen really fast. You don't have to be old to get sick and need medical help. You can be in a car accident tomorrow and get disabled and need to have round the clock medical care. And that's type of care is not cheap folks. It can ruin the best of people.


At least now the insurance companies can deny your health insurance because you have a pre existing health problem.


Quote Originally Posted by DJD View Post
That's scary stuff. I know an old girlfriend of mine is a home healthcare nurse and for years (even under Bush) would recommend to people even my folks who were facing a terminal illness to start signing assists over to the kids as quick as possible if you trusted them. I think there was a two year period that they had to be alive after the sale to stop people from selling out at the last minute to protect their spouse or children's inheritance. She talked of families losing just about everything to pay inflated medical bills.
I am only repeating what she said and have never read up on it....We didn't do that and I don't know all the details but this article reminded me of that.