My grandmother was in assisted living for about a year before she and the family decided she should live with me and my mom. Grandma was only in assisted living because Grandpa needed to be there, but he is no longer with us. From a financial perspective, would it be better for Grandma to pay me for being her caregiver in case she later needs to be put in a nursing home, or does it matter? I've heard so many different things about nursing homes, medicare, and medicaid. It's no wonder so many people get confused.
A few things that might be important:
The house we all live in belongs to my parents.
Grandma pays my mom $125 per month to cover her expenses (food, supplies, prescriptions, electric bill, etc.).
I am the primary caregiver.