Retirement: Get financial help for caring for parents
If you’re paying your parents’ bills, don’t overlook these sources of money and tax breaks.
Medicaid. Medicare provides limited coverage for skilled nursing or rehabilitation services after a hospital stay. It doesn’t cover custodial care, such as help with bathing, dressing and eating, which people with Alzheimer’s and other debilitating illnesses need.Medicaid covers custodial care in Medicaid-eligible long-term-care facilities. In some states, it will also cover home health care. The catch is that your parents must be practically impoverished to qualify...Read More
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