re: Advice for dealing with a loved one who is in cognitive decline?

The daily rates in Louisiana typically go by the rate Medicaid sets for the facility, and that rate is established by the average level of care provided to the resident population. The facility isn’t asking for financials to “bleed” anyone, rather to be able to assist in the Medicaid application process. Often facilities will help families navigate the best way to protect as much of the resident’s assets as possible. Also of note, the facility gets paid the same regardless if a resident is private pay or Medicaid approved.