When Your Parent Needs Care

Most of us realize that eventually we will have to step in for our parents in some capacity as they age – it’s always in the back of our minds and we are somewhat prepared for it. But there are times when the adult child has barely started a life of his/her own and a parent has a stroke, heart attack or catastrophic injury that they may never recover from when aging isn’t even an issue.

That could have been the last thing on his/her mind and are now faced with the parent’s hospitalization and an eventual need for a Skilled Nursing Facility. With no real life experience, facing that reality at such a young age can be overwhelming but Planning For Seniors can help.

CASE B: A young man in his late 20’s was referred to us after his father had suffered a stroke and went into a Skilled Nursing Facility directly from the hospital. Because he was under 65 there was no Medicare to pay for his rehabilitation, his employer’s insurance wouldn’t pay because he was unable to work and his private insurance wouldn’t pay for rehabilitation at all. The only option left was Medi-Cal.

Dad had a home that was paid for, $160,000 in cash asset and a small Life Insurance policy. We were able to protect his home and assets and obtain the Medi-Cal Long Term Care benefit. Planning For Seniors saved the family over $60,000.00 in skilled nursing home fees while dad recovered and was eventually able to move in with his son.