We considered Medicaid when my father had his heart attack, and went to a nursing home to recover. My mother (who was in her late 70's at the time) could not take care of him alone (he was becoming senile, not Alzheimer's, and would tend to wonder, or be combative). I was able to retire, and spent my days sitting by him at the TV. He had to be watched every minute. Even the best nursing home cannot provide that kind of care.
I own the house so there was no problem about signing the property over to Medicaid. We began the paperwork through Northwest Ohio Office On Aging. At the time I was told that if the house had been transferred to me less than two years before we applied it would be deemed to have been transferred to avoid the property going to Medicaid. Since my parents never owned the property (my brother and I bought it from their landlord) that was never a concern. My father's time in the nursing home was through Medicare so we ended up paying 20% of the 60 days before he came home. That amounted to $6,000 for the two months. The cost of the nursing home was $180,000 per year, and it was not at the high end. Also, they prescribe any medications (that was not covered by Medicare Part D so that was another $1000).