The Bid Bond prequalifies the principal and provides the necessary security to the owner or general contractor, or âobligeeâ, guaranteeing that the principal will enter into the contract, if it is awarded.
Personal funds. Nursing Homes. Some people enter a nursing home as private pay residents, using a combination of resources to pay their expenses and eventually spend down their resources and meet the requirements for Medicaid to pay for care. Some nursing homes require payment upon admission. If a resident pays for nursing home care with personal funds and depletes their resources, they may then qualify for Medicaid. In such cases, the state of Texas reimburses the nursing home for up to 3 months before Medicaid approval. The nursing home then refunds personal payments according to specific time limits.
With Medicare, there is no right to repayment from your parents, or from their assets, See also: How long should I visit my mother in a nursing home? for anything Medicare spends for their medical care.On the other hand, Medicare does not cover assisted living, or long-term residence in a nursing home.edicaid is the program that may pay for your parents' long-term care, but which has provisions for reimbursement out of their assets, including their home. Here's how it works.In order for your parents to qualify for Medicaid, they must have low income and few assets other than their home.