“$10,000 a Month for Parents’ Long-Term Care Is a Growing Crisis—Who Can Afford to Pay?,” by Israel O’Brien, Investopedia
“Americans can expect to pay anywhere from about $5,700 to over $30,000 per month for nursing home care, depending on the market. American Council on Aging. ‘2026 Nursing Home Costs by State and Region.’ Medicare covers 100% of the costs of nursing home care for only 20 days. After that, families must handle the costs. There are steps families can take to try to shield themselves from these high costs, but it’s important to prepare early.”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
Got your attention with that title I’ll bet. But not to worry. There is a solution. Just get Medicaid to pay for your parents’ LTC; stick them in a nursing home; and walk away with a full inheritance. You’re not even required to visit them. Such a deal!