They're selling EVERYTHING to qualify for Medicaid
Yes, a colleague of mine is selling all of her uncle's belongings because he was "put into aged care". Those who plan know where they want to be when a long term care event enters the picture. And they have the income, savings and LTC insurance to support their plan. Most stay home with help for most to the need and move to assisted living if care needs increase. Most don't ever live in a nursing home, and they surely don't get "put" somewhere. People without a plan put their whole family in a crisis mode adter a severe stroke or when Alzheimer's or other dementia shows up. The three questions we need to ask are: 1) Where do I want to be when needing help to et through each day? 2) Who do I want to have there with me? 3) How will I pay for this? Needing LTC services is expensive. Home care easily costs near $40/hour today, and assisted living $4-8000/month. Costs of care are increasing by about 5% annually. Schedule some time with me to protect your family when life doesn;t go as planned
From "Preparing For Tomorrow podcast"
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