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Eldercare
Reply to "I can afford X per month for in home care for my mom, but what happens when needs increase?"
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[quote=Anonymous]she may eventually end up in a medicaid facility. She wont have to sell her home first, but she will have to spend down all her assets and medicaid will recoup their costs with the house at some point. You can't sell ortransfer those assets. she could do a reverse mortgage but again, there's the fear she will run out of money--then again, she could pay for home care that way and if she runs out of all her money, then try for a medicaid facility. or a family member gives up their life. This is the reality in america. [/quote]
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