“How to figure out elder care for your aging parent,” by Tamara E. Holmes, USA Today
“‘Knowing that we couldn’t do anything for my dad, I was like, ‘let’s do something for mom,’ Mancuso says. So he and his wife Erica purchased a long-term care policy for his mother. ‘I’d rather spend money on a monthly premium today,’ Mancuso says. ‘Maybe she’ll never need it, but I know what I’m spending monthly today is probably what a day or two of help would be down the road.’”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Why don’t more people do that? The siren’s call of easy Medicaid access diverts many from the more responsible course that is better for the care needer. Medicaid benefits heirs at the expense of their ailing elders.