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Eldercare
Reply to "I didn't fully comprehend the cost of eldercare"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Yeah what do families do when the money runs out? The next generation goes into debt?[/quote] The elderly person goes on Medicaid and into a Medicaid bed in a nursing home.[/quote] Except if you are cheating the system, you have to have basically no money (I forget but I think it was a $2K limit and you can only keep about $75 a month of your social security check). We had to do it for my MIL and it was less than ideal and few good nursing homes take it. It is good when the money runs out but I'd rather spend the money and have someone well cared for.[/quote]
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