Forced Nursing Home Evictions Must Stop. AARP Foundation Is Helping Protect the Most Vulnerable. Learn How

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Valued Social Butterfly

RE: How much do you need for a comfortable retirement?

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Message 91 of 150

In Response to RE: How much do you need for a comfortable retirement? by SLEEPERCELL

 

If people that have assets they do not want to sell to pay for their long term care they should but a LTC policy.

 

The problem is many feel that they will never end up in a nursing home, do not want to spend the money even when they can afford it or think that its up to the government to shoulder the costs. 

 

Its a problem that most politicians do not want to address.

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Treasured Social Butterfly

RE: How much do you need for a comfortable retirement?

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Message 92 of 150

In Response to RE: How much do you need for a comfortable retirement? by SLEEPERCELL

How contradictory is it to say that someone has to hide their assets, so the government will pay for them to be in a care facility .. why shouldn't they use those assets to pay for themselves in the first place?! When they run out, then the government can pay into the future.


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Silver Conversationalist

RE: How much do you need for a comfortable retirement?

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Message 93 of 150

In Response to RE: How much do you need for a comfortable retirement? by ASTRAEA

Never said you did nor would I imply that--- whether your Grandmother or your Aunt.

"What I find particularly disturbing is for seniors that must go into an assisted living or nursing home environment is that they must strip themselves of their wealth and lifetime assets that they have accumulated. It's an ugly game being played."

More than half of all Americans cannot afford ANY nursing home expense and many of those that do rely upon the "no assets prior" game that they must play to seek waivers and assistance. This is not an anomaly by any sense.

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Treasured Social Butterfly

RE: How much do you need for a comfortable retirement?

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Message 94 of 150

In Response to RE: How much do you need for a comfortable retirement? by SLEEPERCELL

I'm confused about what you said, not about Medicaid. When my grandmother had a series of strokes in her late 80s, we cared for her at home with an LPN 40 hrs/week. We never expected taxpayers to pay to take care of our family members.


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RE: How much do you need for a comfortable retirement?

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Message 95 of 150

In Response to RE: How much do you need for a comfortable retirement? by ASTRAEA

IF you're confused I suggest you consult the state you live. Their payouts in Medicaid and waivers suggest New Jersey is an above average welfare state. But beyond NJ--- there is a clear picture that 32 States are using Medicaid waivers that indicates many people cannot afford to pay for nursing home care at $8,000 per month. That would mean that slightly more than half of all US taxpayers cannot afford to pay the $8,000 per month for this kind of care.  Count your blessings!

NEW JERSEY MEDICAID & S-CHIP ELIGIBILITY

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Treasured Social Butterfly

RE: How much do you need for a comfortable retirement?

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Message 96 of 150

In Response to RE: How much do you need for a comfortable retirement? by SLEEPERCELL

I'm still confused; why would you question whether my aunt paid all her bills or not? Why shouldn't she, if she could afford it?

I also don't know what the Medicaid waiver plan is about either. People who can afford to pay for the services they get, shouldn't be taking advantage of supplemental programs that specifically help people who can't afford critical services.


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Silver Conversationalist

RE: How much do you need for a comfortable retirement?

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Message 97 of 150

In Response to RE: How much do you need for a comfortable retirement? by ASTRAEA

Then you should know that "Thirty-two U.S. states pay for care in assisted living facilities through their Medicaid waiver programs"

New Jersey is one of the members of such waivers

Why are you perplexed at what I wrote?

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Treasured Social Butterfly

RE: How much do you need for a comfortable retirement?

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Message 98 of 150

In Response to RE: How much do you need for a comfortable retirement? by SLEEPERCELL

Absolutely; why wouldn't she have paid ALL of her bills?!

Once she went into the nursing home, I handled her finances. Not only did she pay the basic bills for the facility, but paid out-of-pocket for PT 5x/week because it wasn't covered by her HMO. I also made sure the little luxuries were covered for her .. that she wouldn't have treated herself to .. salon & manicures .. I just told her she could afford it & never mentioned how much they cost; she really did deserve that!


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Silver Conversationalist

RE: How much do you need for a comfortable retirement?

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Message 99 of 150

In Response to RE: How much do you need for a comfortable retirement? by ASTRAEA

Did she pay ALL her bills?

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Treasured Social Butterfly

RE: How much do you need for a comfortable retirement?

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Message 100 of 150

In Response to RE: How much do you need for a comfortable retirement? by kom2010

My grandparents bought their home in 1928, moving their family of 6 children into it. Guess what happened the very next year .. the crash .. and they didn't have enough to make full payment on their mortgage. They went to the bank & explained that they'd pay as much as they possibly could, and with the Depression the bank probably wouldn't find anyone else with the money to buy the house, if it was foreclosed. The bank agreed with them, and let them keep it.

Whether or not that would work today, my grandparents & mom's generations believed that you always had more security in being a homeowner. Even if you had financial trouble, you could still buy more time, than if you were a renter & stopped paying the rent.

I've you're doing what's best for your MIL, and she accepts your guidance, it's probably best to let her keep her memories & fantasies about her old home .. as long as she doesn't complain too much. I think some people reach an age or mental state, where being totally realistic is too frightening for them. As long as they let trusted relatives help them do the right thing, it might be better not trying to force them to see reality.


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