Dad only has $240.00 left between his current rent and what he brings in from his pension and Social Security. The last level of care increase was $700.00. I don't know what to do with Dad if the rent is more than he makes. Unfortunately, hus pension and Social Security combined are more than the monthly maximum allowed with all of the assistance programs I have looked into. Perhaps you would be able to give me some guidance. Thank you.
I'd bet that this situation is common for a lot of smaller facilities or in-home care companies. If a facility or home-health agency can easily fill a bed or have clients on private pay, Medicare & Medicaid, then taking LTC insurance with the extra time needed to get paid just doesn't make sense for a business. If this is a trend, a lot of folks having LTC polices are not going to be able to use their policy easily.
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