Reply to cost of assisted living facility

Forum Index » Family Relationships

Reply to "cost of assisted living facility"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][b][quote][/b]Once the resources are gone, you go into a nursing home under medicaid. You don't need a financial planner. We simply refused to pay for care for my MIL. The nursing homes tried very hard to get us to commit to private pay. We then got APS involved to get her in. We have a child in a lot of therapy too. No way I was stopping that to pay for a nursing home. I slowed it down to temp. care for my MIL but I was not being financially responsible.[/quote]

That is one way of doing things and if you don't have many resources, it sounds fine. However, if your parents or in-laws do have savings, I would think a financial planner makes sense to help you  make the most of the money and stretch it as long as possible to pay for quality care. In my Mil case while she had good savings, it was mostly under treasure bonds and plain saving accounts with almost no returns. A financial planner helped/guided us on how to invest the money to make it stretch. God know how long she will live still - at this rate I can see her going over 100![/quote]

We had no resources so a financial planner would have not helped.  We are in a medicaid bed and very happy with the facility and care. The staff has been wonderful to my MIL and to us.   Sometimes you just get lucky with the staff.  Medicaid isn't all bad, just very difficult (ok, a nightmare).  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics