The least expensive AL I've found is $3,500/mo. & they told me Medicaid only pays $1,200/mo. in my state. My parent only gets $1,500/mo. from SS & pension.
Confused777, with my parents, they came from the old school of saving for a "rainy day" which was common for their generation. They were children of the Great Depression.
For elders who now need a village to take care of them, thus a nursing home, the elder can apply for Medicaid [which is different from Medicare] which will help pay for the room/care.
In some states, ALs will accept whatever Medicaid pays and the elder's SS and pension less a small "personal care allowance". Some will accept Medicaid only after a certain period of "private pay".
The same goes for Nursing Homes: as far as I know, all states fund long term using home care via Medicaid if an elder qualifies both medically and financially.
Your best course of action is to have a consultation with a certified eldercare attorney or Medicaid Planner in mom's state so you understand how this works.
For elders who now need a village to take care of them, thus a nursing home, the elder can apply for Medicaid [which is different from Medicare] which will help pay for the room/care.
In some states, ALs will accept whatever Medicaid pays and the elder's SS and pension less a small "personal care allowance". Some will accept Medicaid only after a certain period of "private pay".
The same goes for Nursing Homes: as far as I know, all states fund long term using home care via Medicaid if an elder qualifies both medically and financially.
Your best course of action is to have a consultation with a certified eldercare attorney or Medicaid Planner in mom's state so you understand how this works.