Dollars and Cents: Who Pays, What are the Costs, and How is it Covered?
- Dollars and Cents: Who Pays, What are the Costs, and How is it Covered? Sean Leary 15:06
People often underestimate the cost of caregiving. Whether it be the cost of caregiving for a parent living in their own home, in your home, or in a senior living community, the cost becomes a primary factor that must be understood to make appropriate life-impacting decisions regarding your parents’ care. What are the differences between Medicaid, Medicare, long-term care insurance, and private pay care? Which type of senior living communities accept which type of payor source? What are the assessed requirements for specific levels of care and how long will the money cover the level of anticipate care?
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