Private Fiduciary, Trustee,Conservator, Financial Advisor

Assisted Living is not covered by Medicare, nor MediCal, so the only level available to them is a nursing home, or limited home care services under a waiver program. 

We at Care Giving Answers strive to provide helpful and relevant information to senior citizens and their families and... (more)We at Care Giving Answers strive to provide helpful and relevant information to senior citizens and their families and loved ones. The material provided through our site is made available for informational purposes only. In no way should users of our site rely or act upon any information provided herein without seeking appropriate professional advice (medical, legal or financial). Users should independently verify the accuracy, completeness and relevance for their specific purposes. The information provided through our site is not intended to constitute professional advice and in no way forms or constitutes a professional-client relationship of any kind.

Senior Specialist

Just to clarify, I'm assuming you are interested in long term care and determining whether it is worth getting the insurance. The answer is it depends. You need to factor the age of your parents and their current health condition, which determines the monthly premiums. It is best to speak with a... (more)

Just to clarify, I'm assuming you are interested in long term care and determining whether it is worth getting the insurance. The answer is it depends. You need to factor the age of your parents and their current health condition, which determines the monthly premiums. It is best to speak with a long term care insurance broker about your options.

However if you are stating that you may not be able to afford long term care insurance, then there could be other options out there. Since you are in Los Angeles, you can look into the Assisted Living Waiver program which assists those seniors with disabilities and provides them with a subsidy to help defer some of the monthly costs. Please be aware that the assisted living facility also needs be an accepted participant of the program. You can read more about the program here:
http://www.dhcs.ca.gov/services/ltc/Pages/AssistedLivingWaiver.aspx 

I hope this helps.

Admond

We at Care Giving Answers strive to provide helpful and relevant information to senior citizens and their families and... (more)We at Care Giving Answers strive to provide helpful and relevant information to senior citizens and their families and loved ones. The material provided through our site is made available for informational purposes only. In no way should users of our site rely or act upon any information provided herein without seeking appropriate professional advice (medical, legal or financial). Users should independently verify the accuracy, completeness and relevance for their specific purposes. The information provided through our site is not intended to constitute professional advice and in no way forms or constitutes a professional-client relationship of any kind.