My mothers money will be running out in about 3-4 months. She is in a private pay, assisted living facility. The nursing home side is not the best, but afraid moving her to a totally new facility would be too traumatic. She has dementia along with major paranoia. I am going to have to make a decision soon, as the other facility I had in mind is in a different county, and would have to file Medicaid papers there. How do I decide ?
If you're considering paying for your mothers stay at her current facility - you MUST determine how long you can do it. DO NOT do it if your long term financial security will be ruined. You should not sacrifice your ability to pay your own way in old age to care for her now. That said, remember that you can claim her as a dependent on your income taxes if you pay for more than 50% of her annual expenses.