10-30-2016, 04:04 PM
Thank you for your message. Yes, any kind of extended care is expensive, even in an assisted living situation. For as long as she hangs they will draw against the proceeds from the sale of the condo and her other savings and proceeds from other real estate sales. And then it will be up to Medicaid.
The takeaway from this is: don't retire to Florida unless you have a million saved, have topnotch insurance over Medicare, and don't mind swimming in your own sweat nine months out of the year.
The takeaway from this is: don't retire to Florida unless you have a million saved, have topnotch insurance over Medicare, and don't mind swimming in your own sweat nine months out of the year.
