Caring for Elderly Parent - Page 3 - Early Retirement Forums

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Caring for Elderly Parent

View Poll Results: How Care was performed
One Parent took care of the other parent as long as they could.	24	50.00%
Parent was placed in a nursing home Permanently	15	31.25%
Parent was placed in a nursing home and removed due to problems	2	4.17%
Used In-home Hospice	5	10.42%
Children cared for Parent in the Childs Home	13	27.08%
Supplemented Parent care with Adult Day Care	3	6.25%
Parent lived in an assited living facility	14	29.17%
Parent used in-home caretaker (part-time or full-time)	17	35.42%
Multiple Choice Poll. Voters: 48. You may not vote on this poll

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03-06-2008, 03:13 AM

#41

chinaco

Thinks s/he gets paid by the post

Join Date: Feb 2007

Posts: 2,856

Quote:

Originally Posted by katwoman

"Stay at home daughter" is my status going on 5.5 yrs.

The only "good" thing is that my brother had the foresight to purchase a LTC policy long before these became popular. Mom's policy has a maximum $4500 monthly benefit for a caregiver in the home so in addtion to me we have a 24 hour caregiver who is wonderful. BTW, this is a LIFETIME benefit and from the looks of things mom is going to last a good long while given the level of care she gets.

Wise move on your brother's part. Lifetime benefit is probably rare today. The cost of an LTC policy on an individual basis are fairly high.

__________________
Disclaimer: I make no warranty or guarantee about the accuracy or completeness of this information. I am not a financial planner, my comments only represent my opinion.

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