Funding The Elderly Who Provides Funding For Home Care Of Elderly Parent By Child?

Who provides funding for home care of elderly parent by child? - funding the elderly

It looks like a long-term issue of custody, and I'm assuming you're in the U.S..

With the adoption of the law to reduce the deficit, which came into force on 1 del 06th January are all for paying for long-term care of our own, if they qualify for the welfare of responsibility.

To qualify for welfare, should not have any savings or investments worth $ 2,000 or more, and no more than U.S. $ 500,000 equity in your house (approx. U.S. $ 750,000) have. Your parents are in the same way for the money and property before the administration claims, so that they can qualify for the good of all. The President basically all fill in gaps that even the middle class and rich for the government, long-term care, which was created for the poor to qualify, too.

If your parents get to prosperity, you should register. If not, and they are healthy and 89 years, you should consider long-term care insurance, or maybe you take a reverse mortgage, if they are homeowners.

Good luck!