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Reply to "How do families pay for aging parents? "
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[quote=Anonymous]My FIL has dementia and currently lives in another state from DH and his sister with his long term partner who is taking care of him. However at this point this situation is not working and we need to move him. Unfortunately FIL does not have much money (maybe $100,000) and no long term health insurance. So are we on the hook to pay for advanced care facility for him? Or Medicaid? Or Medicare? While we make decent money we have young kids (daycare payments), are saving for kids colleges and are still paying off our student loans. Do we stop saving for retirement and our kids college to pay for FILs care? [/quote]
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