How to Pay for Assisted Living

Рет қаралды 45,600

Күн бұрын

Пікірлер: 57

@dreamgirlenterprises 10 ай бұрын

Amazing information. Thank you for this. It's shocking how much it cost to take care of loved ones in long term care. It so important to prepare when your younger and have the financial means to take care of yourself when you are older.

@YinYangDPW 11 ай бұрын

I knew a guy who purchased "long term care insurance" - very expensive - - when he tried to use it, turned out there was a clause in the contract that said if the policy holder could bathe them selves, the policy would not pay - he never got a dime out of all the premiums he paid. If one can qualify, getting into a government subsidized low income apartment with home health care is far cheaper than "assisted living". In Kansas, I don't think Medicaid pays for assisted living, I guess it varies state to state.

@Theseniorlist 9 ай бұрын

Yes, depending on the circumstances, we've seen many people receive round-the-clock care at home for much cheaper.

@jhlfsc 9 ай бұрын

She completely leaves out the #1 reason for a 70% increase since 2004 which is venture capitalism that allows unregulated entities to buy up everything in the market, creating monopolies in pockets of the country that charge pretty much whatever they want with zero competition, even from the state.

@gladysgriffin7347 9 ай бұрын

Thanks for the video.

@reneegibson2911 2 жыл бұрын

I'm an administrator of an assisted living in PA and our most expensive room is $4000.

@PeggyFosterExecCoach 2 жыл бұрын

Most helpful and on topic info almost at end of presentation.

@SandfordSmythe Жыл бұрын

"Assisted living" can have several meanings.

@JoyKennedyHughes 7 ай бұрын

Excellent information.

@ultimatecouponlady 2 жыл бұрын

Excellent information. Thank you so much.

@jaycee795 2 жыл бұрын

Seriously?!? Not in my area. I pay $11,590.00 a month. It’s a disgrace.

@MrWaterbugdesign 2 жыл бұрын

Well yeah...if you choose to stay in that area. But that's your choice, no one is forcing you. In the Philippines a budget of $1500/mo will cover all needs including a decent apartment and live-in housekeeper. Even $1000/mo is doable. A fully trained Registered Nurse there makes about $350/mo USD so even a live-in nurse is doable by many Americans. But if you enjoy being able to complain about paying nearly $12k/mo then you've found your dream location.

@carolvondembowski5061 Жыл бұрын

THat's more than a disgrace. It's robbery!!!!!!

@lydiadelcijimenez5654 Жыл бұрын

You pay almost 12 grand for assisted living a month you said? That is a shame!!

@karlabritfeld7104 Жыл бұрын

Why not cruise around the world for $3000 a month? Doctor on board. Meals included.

@judybrown7601 5 ай бұрын

Dang

@copblocker4654 Жыл бұрын

thanks for the info, i guess most of us will die in the streets

@ThriftyPharmD Жыл бұрын

My mom pays for memory care $6400/mo for assisted living. Ridiculous because my mom really doesn't have the money! We had to sell her house and use that for a few years to pay for it. She has Medicare and Medicaid and neither pays one penny!! Unless it's a low horrible care nursing home.

@karlabritfeld7104 Жыл бұрын

That's how we get screwed in the USA.

@sylviaderby3257 Жыл бұрын

@@karlabritfeld7104

@MOstix13 10 ай бұрын

How sad that the system is set up to strip away everything people worked for all their lives.

@thebeautifullibra11 2 жыл бұрын

Who can afford this and what did they do for a living? What investments did they make?

@MrWaterbugdesign 2 жыл бұрын

Few can afford it which is why medical bankruptcies are so high in the US. But this is only a problem if you choose to stay in the US. There are many very nice countries where rent, in home care and medical assistance is very reasonable. A person just has to be willing to research and think outside the box. $1500/mo will get a person a decent apartment in the Philippines with a live-in housekeeper and all other needs.

@thompsonnguyen1870 2 жыл бұрын

Problem is security issues to live abroad when you are at the old age. House keeper may rob or do something to you.

@gelsayedpt 2 жыл бұрын

Medcair does not pay but social security income can be used to pay part of the bill

@CBNX7 2 жыл бұрын

First the person would liquidate and use retirement savings, sell their house as well to use towards payment, also they'd use social security and pension income. After that is depleted, some facilities participate with medicaid and then medicaid takes over.

@karlabritfeld7104 Жыл бұрын

@@thompsonnguyen1870happens in the USA even more

@cherylmatthews5507 Жыл бұрын

We need federal regulations over ALF programs across the nation...too much potential for aggressive exploitation of our seniors. For example, senior requests services and the ALF claims staffing shortages and months go by while not having the expected program supports in place ...maybe true, but seniors consider ALF programs expecting the services to be available, as needed...too much subjective oversight where greed can run wild!

@ccleland457 2 жыл бұрын

I'm a CFP specializing LTC and Medicaid....Medicaid WILL NIOT pay for assisted living in CT. Not tax-deductible! Not room and board!

@Jean-ni6of Жыл бұрын

Thank you. Need all the information available.

@ccleland457 Жыл бұрын

Actually correction: The custodial care can be tax-deductible over 7.5% of AGI.@@Jean-ni6of

@GlennCrinerLA 2 жыл бұрын

Who pays for them to stay? Is it out of there pocket or do there state pay? Or do u bill there insurance

@terridalessandro3412 Жыл бұрын

in pa if you have medicare and medicade - you pay and when your personal money is gone medicade takes over! not all facilities will do this though

@shamaro6845 3 жыл бұрын

Thank you so much. Where are you located?

@lydiadelcijimenez5654 Жыл бұрын

To expensive who can afford these prices?

@carolvondembowski5061 Жыл бұрын

Only rich people!! Why don't they hire their own nursing help and live in their home???

@ThriftyPharmD Жыл бұрын

@@carolvondembowski5061 it's hard to find someone to trust and be there 24/7. That's EXPENSIVE! Believe me I know. My mom was diagnosed with early Alzheimer's. She need 24/7 care. They wander!!

@JMBWizard84 4 ай бұрын

I can't believe i have over $400 taken out of my check every month for this shit.

@judybrown7601 2 ай бұрын

I pat 1600.

@sasunshine5866 5 ай бұрын

This doesn’t really tell you how to pay for assisted-living! Other than be sure you have the money saved! Very misleading although maybe two pointers that could be helpful if you could afford it in the first place.

@johnkelly9451 3 ай бұрын

National Aide Veterans and Families (NAVF) to see the dates of veterans of War and help for their spouses too. They can help you fill out paperwork because if you get one thing wrong, you can be rejected and veterans and their spouses think they do not qualify for the help they are due and available for them. Non profit help. They understand the separate veterans dept to call as the different departments do not talk between theirselves when you call Va for help. Thank you Veterans!

@cherylcampbell7495 Жыл бұрын

I bought long term insurance 20 years ago. Buy it when your healthy. It’s an insurance policy that grows. Very necessary unless you want the state to take care of you 3 hours a day few days a week. Not good if you have dementia.

@karlabritfeld7104 Жыл бұрын

It's only good for a couple of years and then the insurance runs out.

@ungarlinski7965 Жыл бұрын

This is false information. Medicaid does not pay for an ALF; it only pays for the medical component of it. It doesn't pay for the base fees or room and board, which is of course the most expensive component.

@USAgeriatricservices Жыл бұрын

Some states offer Medicaid Managed Care programs that pay for assisted living. It’s important to do your homework to find out what’s available. Also check your state for waivers which can help pay. I know this because it’s my job. I research this exact topic for my clients.

@Jean-ni6of Жыл бұрын

@@USAgeriatricservices Leave us your phone number. It's your job.

@dickweller7216 11 ай бұрын

@@USAgeriatricservices L 2:02

@idaberrones3809 2 жыл бұрын

Very expensive😩

@ninavongunten122 Жыл бұрын

If you are a homeowner and don't want to go into Assistant Living or a Nursing Home, consider a Reverse Mortgage in order to pay for home care. In most cases you are better off in your own home, if possible. I know because I have been through this with several family members whom I helped take care of in their final years. Many of the Assistant Living Homes and Nursing Homes in this country are an absolute disgrace! I would to see the Federal Government take over the funding and operation of these homes. In today's world it is all about the young people. They seem to forget about the older generation who worked most of their lives and paid plenty of taxes during their lifetime and deserve much better from society.

@terridalessandro3412 Жыл бұрын

sometimes it's good but in the case of my brother fees rack up - so he was behind in taxes and they sold his house bc the company was going to take it!

@karlabritfeld7104 Жыл бұрын

@@terridalessandro3412that was stupid wasn't it?