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The Federal government does help with some funding to every State but with the current Administration it looks like cuts to Medicaid could be on the horizon. Be lucky we have Medicaid to help out, but I know not everyone wants their aging parents in a nursing home.
I know it was a real eye opener when my parents were getting much older as to the cost of aging. It was major sticker shock as to the cost of long-term-care/nursing home... cost of Independent Living and Assisted Living/Memory Care... even the cost of having caregivers coming to my parents house. My folks did save for those "rainy days" and by george it was storming out there !!
Our local newspaper, the Washington Post, has had numerous articles about aging care, about dementia, and other factors of caregiving. But I bet the only people who read those articles are the ones already down in the trenches doing caregiving. The ones not doing caregiving usually skip over those articles.... [sigh]
I don't know what is the answer to this. Except raising taxes to help with caregiving. Similar to school taxes. Where every tax payer chips in. And to teach the younger generation to save like there is no tomorrow.
Another option is for Dad to sign up for Medicaid [which is different from Medicare]... if Dad is accepted into the program, maybe you could be paid a minimal amount. Medicaid is paid through taxpayers thus money is limited.