We're looking at the future for my mom (she was recently diagnosed with Dementia but it's not 100% confirmed until she does the final round of testing with a specialist next month) and are discovering that assisted living centers and nursing homes are very expensive. $4k a month seems average. We've checked with her insurance and with Medicare, but neither of them cover them. If she gets really bad and becomes homebound, she can get 1-8 hours a day of home health, but that's it until she needs SNF (which really is only after an incident like a stroke or heart attck, and then it only covers 100 days and then she has to leave) or hospice if she's in the final stage of dying.
For those who have parents who have Dementia, who is looking out for them? How are they able to continue living independently and safely (which is what my mom wants to do)? What are you doing if nobody in the family seems able to take in the parent? If they are in nursing homes or assisted living, how are they being paid for? Any options or ideas? Can you buy a long-term care policy at this point: does it exist?
I'm gathering all the information I can at this point so we can make some good decisions regarding the future - which is what her neurologist recommended. Thanks.