LTC insurance is the best decision I ever made. It has saved us almost $300,000.00 it’s about to “cap out”. What are we to do now? Dementia Parent in her 80s children in their mid 60’s, grandkids scattered over the country with their own lives. In home care is not an option. Hazards everywhere in the house for memory care patient. Caregivers charging $25-$27 per hour which does not include a housekeeper and someone to cook and serve food.
Parent has lived in a facility for almost 4 years. Now, needs more care. That’s $11k-12k per month.
LTC insurance is the best decision I ever made. It has saved us almost $300,000.00 it’s about to “cap out”. What are we to do now? Dementia Parent in her 80s children in their mid 60’s, grandkids scattered over the country with their own lives. In home care is not an option. Hazards everywhere in the house for memory care patient. Caregivers charging $25-$27 per hour which does not include a housekeeper and someone to cook and serve food.
Parent has lived in a facility for almost 4 years. Now, needs more care. That’s $11k-12k per month.
Where do we go from here?
What will we do?