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If you have elderly parents, long term stay in a retirement home can cost upwards of $8,000+/month. No kidding and with no guarantee of adequate care.
Rick. $50/week including room and board is gold. Don't let her/him go.
A home care provider (from a licensed service) can cost $5,000/month or more. This is a vastly profitable industry for senior assistance. Being on a fixed income with home care and other costs (meds, etc.) and with no other support options can make one poor and destitute in no time. Some say long term care insurance is recommended over life insurance.
We found a caretaker who takes care of my Mom (now 98) including cooking, cleaning, etc. 24/6 and another to take up the slack the 7th day. About $2200/month.
S
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