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Eldercare
Reply to "I didn't fully comprehend the cost of eldercare"
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[quote=Anonymous]Recommend finding a geriatric care manager locally. You can hire them hourly or maybe they have some kind of flat rate. They can help figure out all the options. It would save you a lot of time. They know the places, the prices, and which places/companies are trustworthy. They can explain hospice, etc. Essentially they are experts on aging. It's what they do. If your dad doesn't want to go, they can help you find a path forward. Spoiler: no one wants to go to an nursing home, situations evolve and they have no choice. When your time comes, you won't want to go either. At 90, if he has the assets why not keep him at home. It's his money. Especially if he qualifies for hospice. If he were 70, I'd say something different -- you'd have to do nursing home just because they are so much cheaper than home care. But with his health condition and age, he doesn't have much time left (sorry). Have relative in memory care. It's $17k month and she's been there for 6 years. I do have an unlimited LTC policy. I'm writing the checks and it helps me sleep at night. Many of the residents there have been there for 5+ years. We tried cheaper places, but the quality of care was awful so eventually had to go with the most expensive. It's her money, after all. [/quote]
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