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Money and Finances
Reply to "How much are you budgeting for long term or elder care?"
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[quote=Anonymous][quote=Anonymous] Most people spend 2 years max in a LTC facility. [/quote] Most people who need long-term care are NOT in facilities. They live at home. Only 13% of the people who need long-term care are in facilities. [quote=Anonymous] Elderly people would be living in the streets en masses if everyone needed 2 million minimum. [/quote] Not true. Medicaid pays for their care after they've exhausted their assets. They don't get thrown to the streets. [/quote]
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