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Can a Nursing Home Take Our Savings? We Have $350,000 in IRAs

A $350,000 account could be exhausted in just a few years if both members of a couple required semi-private rooms in skilled nursing facilities. However, that's not necessarily what would happen. For one thing, most people don't run up nursing home bills of that magnitude. Also, you may be able to get government assistance to […] The post Can a Nursing Home Take Our Savings? We Have $350,000 in IRAs appeared first on SmartReads by SmartAsset. ....

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Virus Updates: Experts Warn of Variants as States Reopen; Cuomo Under Probe Over Nursing Home Deaths


Published February 18, 2021 •
Updated on February 18, 2021 at 9:28 pm
NBCUniversal Media, LLC
The U.S. has reported more than 28 million infections and 492,000 virus-related deaths since the start of the pandemic last year, according to a tally by NBC News.
The White House said Wednesday the U.S. is vaccinating some 1.7 million people per day, up from under 1 million a month ago. President Joe Biden is on track to blow past his goal of 100 million injections in his first 100 days in office.
Get the answer to your most-asked COVID vaccine questions on our mobile NBC 5 Chicago app. Download it here for iOS or Android. ....

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MSNBC MSNBC Live With Ali Velshi December 5, 2019 20:40:00

Medicaid for low-income people both cover nursing home stays. but they subsidize really different amounts. medicare pays way more. but what many people don t realize until it s too late is that medicare only covers short-term rehabilitation. up to 20 days fully paid. after that 20-day mark, a lot of people struggle to pay for the support they still need. we re definitely seeing an uptick in transfers that seem to be motivated by reimbursement rate as opposed to care needs. in certain situations, it is perfectly legal for a nursing home to ask someone to leave. like if a patient s health has improved. but even the federal government s acknowledge in a 2017 memo that some nursing homes are manipulating the rules. pushing out low-income, elderly, and disabled people to make room for more lucrative patients. the nursing home industry is a profit-driven industry. they make a lot of money. don t let them fool you. ....

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