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Eldercare
Reply to "Willing to pay for a consultation for elder care financial information - but unsure who to target"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]They don’t have many options. Save the money. They can get long term care Medicaid for a nursing home. Some states do more, others like md do not. B[/quote] I can't comment about states, but Medicaid for LTC only kicks in when assets have been spent down. If one spouse needs LTC and the other does not, then Medicaid allows the "community" spouse to retain ~140,000 (can't remember exact figure - has been 10 years) and the house. Those are really the options for your parents. Good to see what other county services may exist to keep your parents in their home - the least expensive option out there. Also know that Meals on Wheels is not determined by income but by mobility. If one of them is no longer able to move around, then they are eligible. But that can be a bridge too far for many who think it screams poor. Good luck![/quote] OP said no savings, no retirement...[/quote]
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