Wednesday, March 2, 2011

who provides funding for home care of elderly parent by child?

Array That sounds like a matter of long-term care, and I think it is in the U.S.With the passage of the Deficit Reduction Act, which came into force on 1 January 6, we are all responsible for paying for our own long-term care if you do not qualify for welfare. To qualify for welfare, who have no savings or investment of U.S. $ 2,000 or more, and not allowed to have more than $ 500,000 of equity in your home ($ 750,000 in some states). His parents have no right to this money and property away so that they can qualify for welfare as well. The president basically closed all the loopholes that have allowed the middle class and the rich benefit from long-term care of the state, which was created for the poor. If your parents qualify for welfare, you should get registered. If not, and they are healthy and 89 years old, you should consider the safety of long-term care, or maybe do a reverse mortgage if you own a home. Good luck! Barnet.

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