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Reply to "Assisted living facilities and financial verification"
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[quote=Anonymous]We moved my MIL into a facility with a govt pension (90K a year), long term care and also required assets. She has about 150k from sale of the home she had to show. Like others said the insurance doesn't pay for her entire monthly and she is on what they consider a fixed income-- nothing beyond her pension. She is in a two bedroom independent living with one meal a day which is 8k a month. Insurance will only cover 4k which is fine for now. We are hoping to get rid of her car because she pays for insurance, gas, etc. as she needs more care her monthly will go up but insurance won't. She hasn't had to use her nest egg but I keep telling my DH she is on fall away from disaster. [/quote]
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