Hacker News Reader

Even the non-profit ones are really expensive. E.g. Jewish Living in SF has ~$15K/month for long term skilled nursing care. It's a very good one but has a long waiting list.

Assisted living and nursing home are just very expensive. The prices around the Bay Area ranges from $5K/month to $20K/month.

View on HN

Holy baloney that's expensive. What can you do when your elderly parent is suffering from dementia and can barley walk anymore and neither you nor they have that kind of money to spend?

Bankruptcy. Not for the elderly person, because elderly have protected federal income. But bankruptcy for the children who are on the hook due to filial responsibility laws in most states.

Assisted living or skilled nursing homes are for the “rich.” People sell their home to finance the cost. At the end Medicare picks up the cost.

In some states, there is something called a Lady Bird Deed. It lets people keep their homes while still being eligible for Medicaid. Plus, it avoids the probate process.

https://www.nerdwallet.com/article/investing/estate-planning...

Reply on news.ycombinator.com