My mom currently is living independently, but her health continues to slowly decline. I'd like to keep her independent as long as possible. Currently she receives a retirement check, which does cover her cost of living right now, and she has Medicare with a great supplemental plan. I assume Medicare does not help pay for at home care or rehab ever? I'm looking at purchasing an at home care insurance policy for her. Does anyone recommend or not recommend this? It's $100 per month, so it seems doable financially. The benefit does run out after so many hours used (almost 1 year with a caretaker coming in 3 days a week). Seems reasonable if we ever do have to use, since it could potentially keep her in her nice apartment 1 more year and decrease burden if I'm ever feeling some strain as a caregiver. Thanks so much for your advice!
Worried, is that true. That would surprise me. At least payment in any amount that would help anything.
Yeah sure and I’m getting back into my size 6 slacks.
If it’s only 1/2 day x 3 days a week that’s 48 hrs a month for $100.
Roughly $ 2.00 a hr.
No way any legit biz is doing this.
Maybe in some 3rd world country will someone work for USD $2.00 a day, but even then your going to have a lil maids space or room adjacent to the kitchen and family provides meals and housing. Reread “policy” in detail. No way $100 mo pays for 3 days a week caregiver.
I'd just put away the money for that purpose if you want, because you really just don't know what the situation will be when she needs care. You need to have flexibility to use the funds.