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Eldercare
Reply to "Aging parents - what am I looking at financially?"
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[quote=Anonymous]LTC insurance normally kicks in when the person can’t perform two of the activities of daily living by themselves so assisted living generally qualifies. Memory care out by me in Ashburn runs $10k-$15k a month. Assisted living $8k-$12k. My mom has been self-pay but I’m the extreme example, she needs individual 24/7 care in addition to memory care so that’s an extra $6k a week. But that’s been since mid-July and I need to find an alternative because, even with a healthy savings she may run out of money at this rate. Growing old and needing care is not for the poor.[/quote]
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