2007 I left my job. I can not keep paying my health insurence. I am the care givers for my mother. We live off my savings. My insurance went up to 1300 a month. I can’t go back to work my mom needs me. I’m running low on my funds. I have one more year to get my SS.
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Can your Mom pay you to be her caregiver? If yes, then you would need to draw up an employment agreement. This document becomes very valuable if Mom needs to go into a Nursing Home using Medicaid [which is different from Medicare].
As for Social Security, don't be surprised when you see the amount. I had worked most of my adult life but my SS isn't anything to write home about. How does the Federal government expect us to live off of that amount??? Plus Medicare will take a bite of that Social Security every month.
If your Mom really needs full-time care, maybe it is time to think about Assisted Living if your Mom can budget for it and if she can be approved by the facility to be a good candidate for Assisted Living. On average AL runs around $6k per month depending on where you live.
If Mom needs skilled care, then the next step would be a Nursing Home, and if Mom cannot budget the cost, which is around $10k per month, then see if Mom can be approved for Medicaid which will pay for her room/board and care.
So much to think about !!