My father requires Memory Care now. He has Blue Cross/Blue Shield and Medicair/Medicaid for insurance. Does all of his savings, SS, retirement and 401K have to be exhausted before these kick in and help pay? Not sure how the process works. The new facility I just moved him to costs $4800 month.
You say your dad has Medicaid. That is different from Medicare. Medicaid is a program for indigent people with less that 2k in countable assets and generally under 2k in income per month.
Not all Memory Care facilities accept Medicaid.