My father is 67 years old, mortally obese and has less than $75,000 in assets. If he needed long-term care and ran out of his $75,000 in assets, who pays for his care? Will the care facility or the government come after me and my brother to pay for his care?
A: Control your senior assets to eliminate debt
This is a question that is often asked too late, well after a loved one is placed in long term care. In the event your father is placed in long term care at the direction of a doctor, he will qualify on 2 out of 3 indicators for Facility Medicaid.