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Reply to "Why save for retirement if medicaid will cover your costs!?!?"
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[quote=Anonymous][quote=Anonymous]I think the quality of nursing homes and assisted living places is going to become a huge issue as baby boomers retire. Glad to see the 'village' concept of retiring at home is taking hold, but when you need full-time nursing care at home it gets ghastly expensive. Maybe there will be nursing care cooperatives? Never heard of that but maybe it could work.[/quote] Those village concepts are a fortune. Many require buy-ins at anywhere from $100-400,000 and monthly fees. There are lots of great options if you have a lot of money to spend. There are very few for lower-middle income families. [/quote]
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