Does anyone here currently pay for an Assisted Care Facility?

[GE]

How many of you have Long Term Care policies?

[LANTIRN]

How many of you have Long Term Care policies?

I am too young but will when I am of age in 20 or 30 years.

[David]

My grandma went to one. It was about $6k a month. I personally think it prolonged her life a bit. We did have to fight the govt that put a claim on her estate to prove we never used govt assistance.

[KBScobravert]

My mother in law has been fighting for months the home her dad went to. He stayed there for roughly 3 months just withering away. She had to pay out of pocket ahead of time and insurance would reimburse. He passed away on like the first of the month after her check cleared the day before. She was paying for a room for 29 days that you can assume they put another body in and charged them too. Insurance pro ratell reimbursed her for the 1 day but the home keeps stalling on refunding the other 29 or so. Won't return phone calls or messages. Person "who can make that decision" is never there. Certified letters returned. Check is in the mail. Etc.

Make sure you discuss instances like this with them.

[slow99]

How many of you have Long Term Care policies?

Not I ... never even crossed my mind. God damn this shit is expensive, I had no idea.

[AdRock]

My grandmother was refused at a few places. I loved her greatly, but she could be real onry when she wanted to. She then got in home care, the lady would come by for several hours once or twice a day. She got tired of paying the company that the lady worked for, it wasnt cheap. So she hired the lady herself and paid her twice her normal rate under the table, which was still less that half of what she was paying the company.

That was a.great situation. The care lady was happy as hell to be making double so she was much more open and easy going about things. She was already just a real nice lady. Plus my grandmother was spending less than 50% of what she was spending and knew she would always be with the same person.

[32vfromhell]

My fiance's mother is going into hospice tomorrow. We are not sure if her husband can fully take care of her needs (having just survived his own bout of cancer) alone, so its into an assisted facility.

I sure can not support my fiance going into full time assistance, as much as i want to be able to, i just cant do it financially.

[Tremor14]

My mother pays about $40k/year for my fathers assisted living.

classy tags too! considering i havent even been in this thread.

if only assisted living was rent free as well.

[GE]

Not I ... never even crossed my mind. God damn this shit is expensive, I had no idea.

I hadn't either. From my vague recollection, the policies aren't cheap, but the premium is a lot less if you get in early on. Hrm...

[emg]

Makes you think it's better to die before it gets the point you need assisted living, just so your not a burden on your kids and family. How does anybody afford this unless your rich. What do poor people do in these situations?

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[Tremor14]

Makes you think it's better to die before it gets the point you need assisted living, just so your not a burden on your kids and family. How does anybody afford this unless your rich. What do poor people do in these situations?

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poor people die at parkland, or get read their last right, released and get sent home to die.

if this were a more PC forum i would tell my fathers story, but i can just imagine the shit that would get spewed from a certain few members. to the OP. we have been going through this for a long time if you want to PM me i can possibly offer a little more insight

[black50]

You need to put their assets into an irrevocable trust years before they enter into the program in order to shield them. From what I have read, it is a good idea to do this at around age 70. The trust can still pay them but the assets can't belong to them, they have to belong to the trust.

This^

Any transfer has to be done 7 years before the person goes into a long term care facility to keep it from being liquidated by medicaid...It used to be 5 years but they upped it to 7 a few years back..

70 is a good age...if they can stay healthy and independent until their late 70's then all will be protected...But it can be very hard to talk your parents or whomever it is to transfer everything they own into someone else's name...Definitely have to go about it very carefully and make them understand what will happen to all of their possessions if they wind up in a nursing home

[Broncojohnny]

poor people die at parkland, or get read their last right, released and get sent home to die.

if this were a more PC forum i would tell my fathers story, but i can just imagine the shit that would get spewed from a certain few members. to the OP. we have been going through this for a long time if you want to PM me i can possibly offer a little more insight

Oh look everyone, the notorious internet shit talking troll is afraid he will get trolled.

[Broncojohnny]

This^

Any transfer has to be done 7 years before the person goes into a long term care facility to keep it from being liquidated by medicaid...It used to be 5 years but they upped it to 7 a few years back..

70 is a good age...if they can stay healthy and independent until their late 70's then all will be protected...But it can be very hard to talk your parents or whomever it is to transfer everything they own into someone else's name...Definitely have to go about it very carefully and make them understand what will happen to all of their possessions if they wind up in a nursing home

This is why you put it into a trust. You can make the rules of that trust say anything you want them to within reason. So the old folks can have all of the cash flow go to them until they die and then the assets will pass on to whoever or whatever.

[RWhite]

My wife was at Orchard Park Assisted Living in Murphy for 16 months at $3700 to $4100 a month. I moved her home for 3 months last September and then she got aspiration pneumonia (she has Parkinsons/Lewy Body dementia). Since the day after Thanksgiving, she has been back in the hospital (3 weeks in ICU), then LTAC and now rehab at San Remo in Richardson off Shiloh and Renner. The Medicare rehab is free the first 21 days and then I pay $32/day on my secondary policy I have thru Raytheon/UMR up to 100 days. Then it's on my pocketbook after that.

She hopefully will be out next Friday. As you have heard, all of these places are basically the same...the hired help earn $10/hour, most aides/nurses, low job grades from Africa. I could go on and on about the poor service that is systemic in this industry. I have experience with my mother and father in the late 90's to 2005. Now I am again a caregiver for my wife. I stay with her 8-10 hours a day, 7/365, etc. to make sure she is treated with respect. Otherwise, you would not believe the elder abuse that is common.

I have a Filipino woman thru Visiting Angels that will help me once I get Mary home in a few weeks. That will save me a grand a month, but still $3500 for her on weekdays and another person on weekends, 6-8 hours a day.

Good luck!

BTW, I have a trust that I can "manage from the grave" as my financial planner says, so she will be well cared for if i go first. Then after she passes, the kids can have whats left! Best $2500 I have spend getting the trust drawn up years ago.