Unfortunately, this leaves you without the financial security you previously enjoyed if you decide to return home.It also absorbs money you might prefer that your loved ones inherit after you pass away.
To be able to receive Medicaid benefits, an individual must meet numerous eligibility requirements but, in short, must have a very minimal level of income and assets.
Presently, data indicates that 88 million Americans will be 65 and older by 2050.
That data also indicates that the cost of a private room in a nursing home ranges from ,000 to ,000.
After age 74, there’s a 50% chance of needing assisted care.
This growing demand has driven long-term costs to climb faster than the rate of inflation.