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Eldercare
Reply to "Is my cousin getting bad advice?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Even if a place has the capability to provide all levels of care, you have to have a payor source. Sounds like they have like 1.5 years at an assisted living level. That’s not a lot. The advice from the professionals is based on their experience with people who run out of money. They are trying to keep your family from getting to this point. Based on my experience as a social worker and my spouse’s experience in running elder care programs, I think the advice applied ears to be sound. Caveat is that I really don’t know your uncle’s condition and I don’t know the facility you’ve been looking at. Since he’s currently in rehab, what are their thoughts?[/quote] Why do you say 1.5 years if their monthly income exceeds the cost?[/quote] They have $200k assets which is like 1.5 years in care. The $7500 likely is just basics and there will be living costs which will come from their monthly income to pay. And then there is the aunt that will need monthly income for her separate expenses. OP does not have the whole financial picture. And, again, if you want excellent care in the future, you have to invest now. Talk to the rehab discharge planner and listen to the professionals who are being given the whole picture and understand elder care. [/quote]
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