This is very common. Almost every senior couple that I know has a

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Dec 6, 2024
11:41:00am

GideonsTrumpet Walk-on

reverse mortgage to provide income. When they move out, they collect the balance and use it to pay for extended living.

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GideonsTrumpet

Bio page: GideonsTrumpet
Joined: Sep 23, 2024
Last login: Jan 7, 2025
Total posts: 241 (0 FO)

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Messages

Author

Time

We’re about to start a joyous $7,000 per month

Future_Tacos

12/6/24 11:30am

If she saved nothing, why isn't Medicare covering anything? Does she have other

Chester Copperpot

12/6/24 11:32am

medicare never covers it. Medicaid sometimes does.

Socrates Johnson

12/6/24 11:39am

Yeah, if she has nothing then Medicaid would probably be an option, but there

Chester Copperpot

12/6/24 11:43am

That really truly is hard so I emphasize with that. I'm just wondering why you

bulletproof

12/6/24 11:33am

Some expenses are so large ($84k a year to start in this case), assistance

Florwood

12/6/24 11:39am

Right, though charity doesn’t involve compulsion. It’s a tough situation, the just answer isn’t clear

WP17

12/6/24 11:41am

Did she have a house that you could sell? My mother lives in a retirement

RC Vikings

12/6/24 11:38am

This is very common. Almost every senior couple that I know has a

GideonsTrumpet

12/6/24 11:41am

Yes, this is her "savings"

Huge Manatee

12/6/24 11:46am

Which is such a shame. Wasting hard earned money over a lifetime to go into

Iman23

12/6/24 12:28pm

Some people are dirt poor. When my mom died, my dad sold their double wide

marticorp

12/7/24 8:20am

That's why my MIL that had alzheimer's lived with us for 5 years. Died in our

Rusty Crab Daddy

12/6/24 11:43am

Sounds like Medicaid coverage for memory care depends on the state

nova_coug_fan

12/6/24 11:46am

Can you be compensated as the caretaker (including if you contract

Rhubarb

12/6/24 11:58am

Medical care of any sort is simply unaffordable at this point

BYU Fan

12/6/24 11:59am

and sadly, in many cases, that $7k/mo will seem wasted considering the care your MIL actually gets. A family I know

ManicBlue

12/6/24 12:07pm

Thank you for sharing your experience.

Q-grr

12/6/24 12:10pm

That sounds like a good deal compared to rates in the Seattle area! Cost in

pspcres

12/6/24 12:09pm

She is probably in the wrong facility. Medicaid will pay for nursing homes but

Malathion

12/6/24 12:40pm

*Medicaid

Socrates Johnson

12/6/24 12:57pm

RE: *Medicaid

Malathion

12/6/24 2:40pm

Not to sound caulous but couldn't someone in the family care

futbolmaven

12/6/24 3:29pm

It's nearly a full-time job. Would you be able to do it? Also, how willing would you be to change your MIL's diaper?

ManicBlue

12/6/24 3:52pm

Yes, it's a burden. But for family? I only ask the question. It's for those

futbolmaven

12/6/24 8:39pm

I get that family would be ideal, but often family can't give the quality care needed either.

ManicBlue

12/6/24 8:56pm

Horrific. Ensure she has a DNR/DNI. At this point truly just waiting for death.

EDthoracotomy

12/7/24 7:40am

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