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Reply to "What happens to people who saved nothing for retirement?"
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[quote=Anonymous]My MIL lived off of social security with help from her children. My husband sent her $500 a month and would pay for her prescriptions when she was in the Medicare "donut hole," and his sister helped her with her monthly housing cost. She lost her job in her late 60s and keeping working wasn't really an option afterwards. Her health was not great and her job was already very physically taxing on her before she was let go. When she had a medical crisis she moved to a Medicaid-paid nursing home because there was no money available for her care in another setting. My husband and his sister could afford sending her a few thousand dollars a year but not the huge costs that in-home care would be. [/quote]
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