Re: How to protect elderly parents assets?

[Winter QQ]

>The government only wants to give this welfare benefit to people who are
>financially destitute.

Avergage nursing come costs are about $70,000 per year depending on the state.
Most people become destitute in fairly short order at that rate. The welfare
types that will need government assistance are your parents and us.

Dennis

[Winter QQ]

>The government only wants to give this welfare benefit to people who are
>financially destitute.

Avergage nursing come costs are about $70,000 per year depending on the state.
Most people become destitute in fairly short order at that rate. The welfare
types that will need government assistance are your parents and us.

Dennis

[Winter QQ]

>The government only wants to give this welfare benefit to people who are
>financially destitute.

Avergage nursing come costs are about $70,000 per year depending on the state.
Most people become destitute in fairly short order at that rate. The welfare
types that will need government assistance are your parents and us.

Dennis

[Nathaniel Hummel]

NoSpam, it sounds like you're getting a lot of good advice, and Mr. Wing hit
it on the head when he pointed out the true purpose of Medicaid, i.e. to
help the indigent, not to preserve inheritances for progeny. However good
the advice, however, it sounds like you just don't like the sound of it.
Elizabeth provided a possible solution... though it may or may not be
available depending on the health of your folks. And, no, even after paying
a lot of past taxes... they're in the same position as everyone else who has
paid a lot of taxes in the past... they're expected to utilize their assets
to pay for their own long term care before they can expect to have everyone
else pay for their care through their taxes. If you want to have the
government pay for these types of social services, then take a look at some
of the Scandanavian countries with really high taxes. There's no magic money
tree that pays for social programs. It's all a matter of choices and in this
country we, at the present time, have decided to not pay for long term care
for the elderly. Look at how much stink and delay is brought about by the
simple proposal of paying for drugs for the elderly! Imagine what it would
be like if long term care was being proposed.

Just a couple of things to think about instead of getting ticked because the
money you were spending in your head may go to help those who earned it.

Nat


"nospam" > wrote in message
...
...snip..
>
>
> The idea of people providing for themselves went out the window with
> the tax burden in this country. My parents have paid hundreds of
> thousands of dollars over the course of decades, so others could
> receive health care, and numerous other programs. Now they may
> be the ones in need, and you're telling me after paying all of those taxes
> for decades, they need to lose everything to qualify for long term health
> care? Too bad they weren't drug addicts or alcholoics, I'm sure they
> would qualify for help then. No, after paying a lifetime of taxes in this
> country, they should be able to receive care without loosing everything.
>
>
>
>

[Nathaniel Hummel]

NoSpam, it sounds like you're getting a lot of good advice, and Mr. Wing hit
it on the head when he pointed out the true purpose of Medicaid, i.e. to
help the indigent, not to preserve inheritances for progeny. However good
the advice, however, it sounds like you just don't like the sound of it.
Elizabeth provided a possible solution... though it may or may not be
available depending on the health of your folks. And, no, even after paying
a lot of past taxes... they're in the same position as everyone else who has
paid a lot of taxes in the past... they're expected to utilize their assets
to pay for their own long term care before they can expect to have everyone
else pay for their care through their taxes. If you want to have the
government pay for these types of social services, then take a look at some
of the Scandanavian countries with really high taxes. There's no magic money
tree that pays for social programs. It's all a matter of choices and in this
country we, at the present time, have decided to not pay for long term care
for the elderly. Look at how much stink and delay is brought about by the
simple proposal of paying for drugs for the elderly! Imagine what it would
be like if long term care was being proposed.

Just a couple of things to think about instead of getting ticked because the
money you were spending in your head may go to help those who earned it.

Nat


"nospam" > wrote in message
...
...snip..
>
>
> The idea of people providing for themselves went out the window with
> the tax burden in this country. My parents have paid hundreds of
> thousands of dollars over the course of decades, so others could
> receive health care, and numerous other programs. Now they may
> be the ones in need, and you're telling me after paying all of those taxes
> for decades, they need to lose everything to qualify for long term health
> care? Too bad they weren't drug addicts or alcholoics, I'm sure they
> would qualify for help then. No, after paying a lifetime of taxes in this
> country, they should be able to receive care without loosing everything.
>
>
>
>

[Nathaniel Hummel]

NoSpam, it sounds like you're getting a lot of good advice, and Mr. Wing hit
it on the head when he pointed out the true purpose of Medicaid, i.e. to
help the indigent, not to preserve inheritances for progeny. However good
the advice, however, it sounds like you just don't like the sound of it.
Elizabeth provided a possible solution... though it may or may not be
available depending on the health of your folks. And, no, even after paying
a lot of past taxes... they're in the same position as everyone else who has
paid a lot of taxes in the past... they're expected to utilize their assets
to pay for their own long term care before they can expect to have everyone
else pay for their care through their taxes. If you want to have the
government pay for these types of social services, then take a look at some
of the Scandanavian countries with really high taxes. There's no magic money
tree that pays for social programs. It's all a matter of choices and in this
country we, at the present time, have decided to not pay for long term care
for the elderly. Look at how much stink and delay is brought about by the
simple proposal of paying for drugs for the elderly! Imagine what it would
be like if long term care was being proposed.

Just a couple of things to think about instead of getting ticked because the
money you were spending in your head may go to help those who earned it.

Nat


"nospam" > wrote in message
...
...snip..
>
>
> The idea of people providing for themselves went out the window with
> the tax burden in this country. My parents have paid hundreds of
> thousands of dollars over the course of decades, so others could
> receive health care, and numerous other programs. Now they may
> be the ones in need, and you're telling me after paying all of those taxes
> for decades, they need to lose everything to qualify for long term health
> care? Too bad they weren't drug addicts or alcholoics, I'm sure they
> would qualify for help then. No, after paying a lifetime of taxes in this
> country, they should be able to receive care without loosing everything.
>
>
>
>