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PCinSD.
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October 5, 2009 at 8:15 PM #465026October 5, 2009 at 10:55 PM #464304
CA renter
Participant[quote=propertysearchaddiction][quote=zzz]I absolutely agree you should take care of your parents when they are old. Sometimes its easier said than done. How do you do this if there are huge financial obligations that come with it? Let me pose a scenario. Lets say healthcare costs / illness has bankrupted your parents financially. How far do you go with your finances to support your parents? Do you allow their illness to bankrupt you? Short of bankrupting you, how much would you give up and sacrifice for them?[/quote]
Your parents can always go on Medical if they are staying in a nursing home and essentially live there for free. If they qualify for Medicaire, it pays for the first 90 days and then they become a Medical patient. As long as your parents have less than $1,000 in their bank account they qualify for free long term care. They actually have something called Medical spend down that helps patients spend a few thousand dollars if they are close to the $1,000 limit. They buy a flat screen for their room and then do not have to pay.
My husband runs the #1 nursing home in San Diego rated by U.S. News and World Report. They give great care and a few others out there do as well. Honestly my parents took care of their parents and that is what I plan to do. And will do everything I can to make that happen. But in a case where you really couldn’t afford to take care of them, or they need short term rehab the govt will step up and help out.
My husband is actually thinking of creating a website that outlines all of the possible options that you have from a cost perspective and a care perspective. There are Nursing Homes, Assisted Livings, Board and Cares, private in house, etc. I think it would be invaluable information for anyone who is planning on taking care of their parents.[/quote]This would be excellent information to get out there.
As far as the “selfish” comment, I’m talking about taking care of one’s parents in their own (the kid’s) home. It’s not the best situation, but it’s cheaper than a nursing home. You can have someone come in a few times a week to help with bathing, etc. Again, it’s not cheap, but worth it, IMHO.
This is one of the reasons I’d really like to see more developments with guest units (on a first floor!) or guest houses. Developers should be able to include these units as “affordable housing” units to meet the AH regulations. This way, the “poor” people aren’t concentrated in small, dense living arrangements (usually “low income” apartments), and landlords would probably be more responsible WRT tenants and upkeep of their “rentals”. When parents or young adults need a place to live, they can stay with the family where help is close-by, and people can keep an eye on one another.
October 5, 2009 at 10:55 PM #464495Participant[quote=propertysearchaddiction][quote=zzz]I absolutely agree you should take care of your parents when they are old. Sometimes its easier said than done. How do you do this if there are huge financial obligations that come with it? Let me pose a scenario. Lets say healthcare costs / illness has bankrupted your parents financially. How far do you go with your finances to support your parents? Do you allow their illness to bankrupt you? Short of bankrupting you, how much would you give up and sacrifice for them?[/quote]
Your parents can always go on Medical if they are staying in a nursing home and essentially live there for free. If they qualify for Medicaire, it pays for the first 90 days and then they become a Medical patient. As long as your parents have less than $1,000 in their bank account they qualify for free long term care. They actually have something called Medical spend down that helps patients spend a few thousand dollars if they are close to the $1,000 limit. They buy a flat screen for their room and then do not have to pay.
My husband runs the #1 nursing home in San Diego rated by U.S. News and World Report. They give great care and a few others out there do as well. Honestly my parents took care of their parents and that is what I plan to do. And will do everything I can to make that happen. But in a case where you really couldn’t afford to take care of them, or they need short term rehab the govt will step up and help out.
My husband is actually thinking of creating a website that outlines all of the possible options that you have from a cost perspective and a care perspective. There are Nursing Homes, Assisted Livings, Board and Cares, private in house, etc. I think it would be invaluable information for anyone who is planning on taking care of their parents.[/quote]This would be excellent information to get out there.
As far as the “selfish” comment, I’m talking about taking care of one’s parents in their own (the kid’s) home. It’s not the best situation, but it’s cheaper than a nursing home. You can have someone come in a few times a week to help with bathing, etc. Again, it’s not cheap, but worth it, IMHO.
This is one of the reasons I’d really like to see more developments with guest units (on a first floor!) or guest houses. Developers should be able to include these units as “affordable housing” units to meet the AH regulations. This way, the “poor” people aren’t concentrated in small, dense living arrangements (usually “low income” apartments), and landlords would probably be more responsible WRT tenants and upkeep of their “rentals”. When parents or young adults need a place to live, they can stay with the family where help is close-by, and people can keep an eye on one another.
October 5, 2009 at 10:55 PM #464843Participant[quote=propertysearchaddiction][quote=zzz]I absolutely agree you should take care of your parents when they are old. Sometimes its easier said than done. How do you do this if there are huge financial obligations that come with it? Let me pose a scenario. Lets say healthcare costs / illness has bankrupted your parents financially. How far do you go with your finances to support your parents? Do you allow their illness to bankrupt you? Short of bankrupting you, how much would you give up and sacrifice for them?[/quote]
Your parents can always go on Medical if they are staying in a nursing home and essentially live there for free. If they qualify for Medicaire, it pays for the first 90 days and then they become a Medical patient. As long as your parents have less than $1,000 in their bank account they qualify for free long term care. They actually have something called Medical spend down that helps patients spend a few thousand dollars if they are close to the $1,000 limit. They buy a flat screen for their room and then do not have to pay.
My husband runs the #1 nursing home in San Diego rated by U.S. News and World Report. They give great care and a few others out there do as well. Honestly my parents took care of their parents and that is what I plan to do. And will do everything I can to make that happen. But in a case where you really couldn’t afford to take care of them, or they need short term rehab the govt will step up and help out.
My husband is actually thinking of creating a website that outlines all of the possible options that you have from a cost perspective and a care perspective. There are Nursing Homes, Assisted Livings, Board and Cares, private in house, etc. I think it would be invaluable information for anyone who is planning on taking care of their parents.[/quote]This would be excellent information to get out there.
As far as the “selfish” comment, I’m talking about taking care of one’s parents in their own (the kid’s) home. It’s not the best situation, but it’s cheaper than a nursing home. You can have someone come in a few times a week to help with bathing, etc. Again, it’s not cheap, but worth it, IMHO.
This is one of the reasons I’d really like to see more developments with guest units (on a first floor!) or guest houses. Developers should be able to include these units as “affordable housing” units to meet the AH regulations. This way, the “poor” people aren’t concentrated in small, dense living arrangements (usually “low income” apartments), and landlords would probably be more responsible WRT tenants and upkeep of their “rentals”. When parents or young adults need a place to live, they can stay with the family where help is close-by, and people can keep an eye on one another.
October 5, 2009 at 10:55 PM #464912Participant[quote=propertysearchaddiction][quote=zzz]I absolutely agree you should take care of your parents when they are old. Sometimes its easier said than done. How do you do this if there are huge financial obligations that come with it? Let me pose a scenario. Lets say healthcare costs / illness has bankrupted your parents financially. How far do you go with your finances to support your parents? Do you allow their illness to bankrupt you? Short of bankrupting you, how much would you give up and sacrifice for them?[/quote]
Your parents can always go on Medical if they are staying in a nursing home and essentially live there for free. If they qualify for Medicaire, it pays for the first 90 days and then they become a Medical patient. As long as your parents have less than $1,000 in their bank account they qualify for free long term care. They actually have something called Medical spend down that helps patients spend a few thousand dollars if they are close to the $1,000 limit. They buy a flat screen for their room and then do not have to pay.
My husband runs the #1 nursing home in San Diego rated by U.S. News and World Report. They give great care and a few others out there do as well. Honestly my parents took care of their parents and that is what I plan to do. And will do everything I can to make that happen. But in a case where you really couldn’t afford to take care of them, or they need short term rehab the govt will step up and help out.
My husband is actually thinking of creating a website that outlines all of the possible options that you have from a cost perspective and a care perspective. There are Nursing Homes, Assisted Livings, Board and Cares, private in house, etc. I think it would be invaluable information for anyone who is planning on taking care of their parents.[/quote]This would be excellent information to get out there.
As far as the “selfish” comment, I’m talking about taking care of one’s parents in their own (the kid’s) home. It’s not the best situation, but it’s cheaper than a nursing home. You can have someone come in a few times a week to help with bathing, etc. Again, it’s not cheap, but worth it, IMHO.
This is one of the reasons I’d really like to see more developments with guest units (on a first floor!) or guest houses. Developers should be able to include these units as “affordable housing” units to meet the AH regulations. This way, the “poor” people aren’t concentrated in small, dense living arrangements (usually “low income” apartments), and landlords would probably be more responsible WRT tenants and upkeep of their “rentals”. When parents or young adults need a place to live, they can stay with the family where help is close-by, and people can keep an eye on one another.
October 5, 2009 at 10:55 PM #465117Participant[quote=propertysearchaddiction][quote=zzz]I absolutely agree you should take care of your parents when they are old. Sometimes its easier said than done. How do you do this if there are huge financial obligations that come with it? Let me pose a scenario. Lets say healthcare costs / illness has bankrupted your parents financially. How far do you go with your finances to support your parents? Do you allow their illness to bankrupt you? Short of bankrupting you, how much would you give up and sacrifice for them?[/quote]
Your parents can always go on Medical if they are staying in a nursing home and essentially live there for free. If they qualify for Medicaire, it pays for the first 90 days and then they become a Medical patient. As long as your parents have less than $1,000 in their bank account they qualify for free long term care. They actually have something called Medical spend down that helps patients spend a few thousand dollars if they are close to the $1,000 limit. They buy a flat screen for their room and then do not have to pay.
My husband runs the #1 nursing home in San Diego rated by U.S. News and World Report. They give great care and a few others out there do as well. Honestly my parents took care of their parents and that is what I plan to do. And will do everything I can to make that happen. But in a case where you really couldn’t afford to take care of them, or they need short term rehab the govt will step up and help out.
My husband is actually thinking of creating a website that outlines all of the possible options that you have from a cost perspective and a care perspective. There are Nursing Homes, Assisted Livings, Board and Cares, private in house, etc. I think it would be invaluable information for anyone who is planning on taking care of their parents.[/quote]This would be excellent information to get out there.
As far as the “selfish” comment, I’m talking about taking care of one’s parents in their own (the kid’s) home. It’s not the best situation, but it’s cheaper than a nursing home. You can have someone come in a few times a week to help with bathing, etc. Again, it’s not cheap, but worth it, IMHO.
This is one of the reasons I’d really like to see more developments with guest units (on a first floor!) or guest houses. Developers should be able to include these units as “affordable housing” units to meet the AH regulations. This way, the “poor” people aren’t concentrated in small, dense living arrangements (usually “low income” apartments), and landlords would probably be more responsible WRT tenants and upkeep of their “rentals”. When parents or young adults need a place to live, they can stay with the family where help is close-by, and people can keep an eye on one another.
October 6, 2009 at 9:39 AM #464466zzz
ParticipantProperty, I agree a website would be great. I think there are a few categories when looking at supporting parents. Simplistically, there are parents that have not become incapacitated and those that are and need full time care – IE in home or in nursing homes. For parents who do not qualify for Medical, Medicare, but simply hampered by illness that depletes their funds, what is the best way to support them without depleting your own funds or severely limiting your own life. Is it all up to the kids, or are there are support mechanisms out there?
Part of the equation is certainly the national healthcare plan in question. Certainly if older folks had access to affordable healthcare, that would be a huge cost burden that would be simplified versus today where costs can spiral out of control and bankrupt someone. Really illness can bankrupt anyone, not just those that are elderly. I think the issue however is that as you get older, you have less employment options, and certainly if you are ill AND need employment to pay your bills. I read an article recently that indicated many employers hesitate to hire older people due to perceived higher medical costs.
October 6, 2009 at 9:39 AM #464654ParticipantProperty, I agree a website would be great. I think there are a few categories when looking at supporting parents. Simplistically, there are parents that have not become incapacitated and those that are and need full time care – IE in home or in nursing homes. For parents who do not qualify for Medical, Medicare, but simply hampered by illness that depletes their funds, what is the best way to support them without depleting your own funds or severely limiting your own life. Is it all up to the kids, or are there are support mechanisms out there?
Part of the equation is certainly the national healthcare plan in question. Certainly if older folks had access to affordable healthcare, that would be a huge cost burden that would be simplified versus today where costs can spiral out of control and bankrupt someone. Really illness can bankrupt anyone, not just those that are elderly. I think the issue however is that as you get older, you have less employment options, and certainly if you are ill AND need employment to pay your bills. I read an article recently that indicated many employers hesitate to hire older people due to perceived higher medical costs.
October 6, 2009 at 9:39 AM #465000ParticipantProperty, I agree a website would be great. I think there are a few categories when looking at supporting parents. Simplistically, there are parents that have not become incapacitated and those that are and need full time care – IE in home or in nursing homes. For parents who do not qualify for Medical, Medicare, but simply hampered by illness that depletes their funds, what is the best way to support them without depleting your own funds or severely limiting your own life. Is it all up to the kids, or are there are support mechanisms out there?
Part of the equation is certainly the national healthcare plan in question. Certainly if older folks had access to affordable healthcare, that would be a huge cost burden that would be simplified versus today where costs can spiral out of control and bankrupt someone. Really illness can bankrupt anyone, not just those that are elderly. I think the issue however is that as you get older, you have less employment options, and certainly if you are ill AND need employment to pay your bills. I read an article recently that indicated many employers hesitate to hire older people due to perceived higher medical costs.
October 6, 2009 at 9:39 AM #465069ParticipantProperty, I agree a website would be great. I think there are a few categories when looking at supporting parents. Simplistically, there are parents that have not become incapacitated and those that are and need full time care – IE in home or in nursing homes. For parents who do not qualify for Medical, Medicare, but simply hampered by illness that depletes their funds, what is the best way to support them without depleting your own funds or severely limiting your own life. Is it all up to the kids, or are there are support mechanisms out there?
Part of the equation is certainly the national healthcare plan in question. Certainly if older folks had access to affordable healthcare, that would be a huge cost burden that would be simplified versus today where costs can spiral out of control and bankrupt someone. Really illness can bankrupt anyone, not just those that are elderly. I think the issue however is that as you get older, you have less employment options, and certainly if you are ill AND need employment to pay your bills. I read an article recently that indicated many employers hesitate to hire older people due to perceived higher medical costs.
October 6, 2009 at 9:39 AM #465275ParticipantProperty, I agree a website would be great. I think there are a few categories when looking at supporting parents. Simplistically, there are parents that have not become incapacitated and those that are and need full time care – IE in home or in nursing homes. For parents who do not qualify for Medical, Medicare, but simply hampered by illness that depletes their funds, what is the best way to support them without depleting your own funds or severely limiting your own life. Is it all up to the kids, or are there are support mechanisms out there?
Part of the equation is certainly the national healthcare plan in question. Certainly if older folks had access to affordable healthcare, that would be a huge cost burden that would be simplified versus today where costs can spiral out of control and bankrupt someone. Really illness can bankrupt anyone, not just those that are elderly. I think the issue however is that as you get older, you have less employment options, and certainly if you are ill AND need employment to pay your bills. I read an article recently that indicated many employers hesitate to hire older people due to perceived higher medical costs.
October 6, 2009 at 9:56 AM #464483PCinSD
GuestHere is a link to a good website that has helped me out WRT elderly issues:
They are passionate about what they do and extremely helpful.
Pay attention to the Recovery statutes regarding Medi-Cal benefits that were paid out. The State is cutthroat when it comes to recovering from the beneficiary’s heirs.
October 6, 2009 at 9:56 AM #464672GuestHere is a link to a good website that has helped me out WRT elderly issues:
They are passionate about what they do and extremely helpful.
Pay attention to the Recovery statutes regarding Medi-Cal benefits that were paid out. The State is cutthroat when it comes to recovering from the beneficiary’s heirs.
October 6, 2009 at 9:56 AM #465017GuestHere is a link to a good website that has helped me out WRT elderly issues:
They are passionate about what they do and extremely helpful.
Pay attention to the Recovery statutes regarding Medi-Cal benefits that were paid out. The State is cutthroat when it comes to recovering from the beneficiary’s heirs.
October 6, 2009 at 9:56 AM #465088GuestHere is a link to a good website that has helped me out WRT elderly issues:
They are passionate about what they do and extremely helpful.
Pay attention to the Recovery statutes regarding Medi-Cal benefits that were paid out. The State is cutthroat when it comes to recovering from the beneficiary’s heirs.
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