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[quote=Anonymous]
OP - Your MIL's retirement assets are very limited and the likelihood that being able to pay for a few months of assisted living or memory care would have a difference in finding a private placement is doubtful (meaning one that one might prefer to be in.)  What is important is that MIL have Medicare and a Medicare supplement to cover health care costs.  You might look at the rents for a room in your area to base a higher rent off of and also factor in dividing up costs of food if she will be eating regularly with you.  Then what you do with "income" is really your  money to be spent or saved as you choose.  You and DH might be wise to save all you can to meet perhaps other health care expenses which Medicare does not cover, but when may be needed such as hearing aides or eye glasses.  Or another factor would be that with limited funds as she ages, you would have a buffer if she needed to be going to a senior day activity program so you could work.

It has been mentioned here in a thread once about PACE day programs which are for Medicaid eligible individuals and provide day programming with wraparound and covered health and therapy services.  I think even transportation is a part of the program.  Find out what one needs to qualify for that as an interim measure.  Or look into other senior day programs in your area and the cost to see how you can help MIL to protect her limited financial assets to be used for her benefit in retirement. [/quote]

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