If your parent or parents goes into a nursing home how much of their social security and military retirement do they lose?

If the parents have assets and/or income to cover the cost of the nursing home, they pay for the nursing home and keep what is left. If they do not have money for the nursing home, they probably qualify for Medicaid. They would be expected to spend most of the income they do have toward the nursing home cost, and Medicaid picks up the rest. They are allowed to keep a small amount for personal expenses. I think that the amount may vary by state.

First of all, do you have durable POA for both of your parents?

Second, do your parents have long term care insurance?

Third, the person with the durable POA is responsible for paying their outstanding bills from the parent's money, i.e. social security and military retirement, etc.

Fourth, have you looking their qualifying for vets benefits in helping with the cost of going to a nursing home?

If your parent or parents go into a nursing home how much of their social security and military retirement do they lose Who is responsible for paying their outstanding bills

Gets taken by whom, for what? Can you explain the situation a little more?