What happens to senior citizens when they run out of money?

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asked Feb 26, 2022 in Other-Finance by minehiaoseui (1,050 points)
What happens to senior citizens when they run out of money?

2 Answers

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answered Mar 1, 2022 by Jamie (47,160 points)
When senior citizens run out of money and cannot pay for their housing or nursing home then they will have to leave the home and go live with family or they will be evicted from the nursing home or apartment they are living in.

However if they have some form of insurance then the insurance will sometimes pay for nursing home care or assisted living care.

In most states, Medicaid will pay for a nursing home for up to 100 days.

But the grim reality is that elderly folks who run out of funding in an assisted living facility will get evicted.

For seniors who don't have close family who will step up, a state's Social Services department or an Area Agency on Aging may step in to try to find a solution.

This may come in the form of home-care, meal delivery, daily check-ins by social workers, and occasional transportation to appointments and shopping.

Medicare will pay for a nursing home for up to 100 days.

Medicare will stop paying for your inpatient-related hospital costs (such as room and board) if you run out of days during your benefit period.

To be eligible for a new benefit period, and additional days of inpatient coverage, you must remain out of the hospital or SNF for 60 days in a row.

A spouse does not have to pay for a husbands or wife's care unless they want too.

You're not required to pay for your spouses care and usually insurance and even Medicaid can pay for the nursing home care or pay for your spouses care.

Couples can stay together in a nursing home.

If the couples need care then they can live in the same nursing home or be in assisted living together.

However in some cases if one of the spouses needs more care then they may need to be in different rooms of the nursing home or even in some cases may need to be in a separate nursing home.

However you can be in the same nursing home as a couple.

Things that carers or caregivers are not allowed to do is spend a lot of time on their phone, bring people over to the persons house, steal, be abusive, smoke etc.

Carers should not smoke in service users' homes.

Workers must not be intoxicated or consume alcohol while on duty.

Carers can't take another person into a service user's home.

If they feel the circumstances are exceptional, they'll need to get written permission from their manager to do so.

Care home shifts range from 8 hours to 12 hours depending on how many carers they have available.

Some care home workers may need to work 12 hours while others may only need to work 8 hours.

Most caregivers quit because of the Job being too stressful, too much work for little pay and also because of poor communication, challenging work hours and a lack of recognition which are among the most common reasons caregivers quit.

A home care provider cares for and supports their patients by providing housekeeping and laundry services, shopping for food and other household requirements, preparing and serving meals and snacks, and running errands.

The home care provider also assists patients by providing personal services, such as, bathing, dressing, and grooming.

In home caregivers do get breaks and those breaks for the in home caregiver are most often in the home, for meals, bathing, etc and they are entitled to at least 2 hours of break time during their shift.

Some overnight caregivers may sleep but just be available in case they are needed depending on the persons needs.

However most overnight caregivers stay awake through the night and do other tasks while the person they are caring for is asleep.

When hiring someone to sit with the elderly you should pay them at least minimum wage in your area.

However if you can afford to do so then you may want to pay slightly above minimum wage as sitting with the elderly is not all that easy of a task.

It can be stressing and take it's toll on someone.

However in most places someone who sits with the elderly gets paid between $13.00 to $14.00 per hour.

The amount you should pay a live in caregiver is between $13.71 per hour to as much as $25.00 per hour depending on the state you're in and how much care giving they have to do.

Some places such as Kansas pay live in caregivers $13.71 per hour while other places such as Maine pay live in Caregivers as much as $25.00 per hour.

Live-in carers residing or occupying their room are not required to pay any rent.

Typical duties of a live-in caregiver include meal planning and preparation, assistance with grooming, dressing and toileting, medication management, laundry and light housekeeping, and transportation/escorts to doctor's appointments or social engagements.

All live-in carers work 56 hours per week (eight hours per day).

The number of hours you work depends on the type of care the client needs.

If you are passionate about your career in caring, then it is all too easy to lose yourself in a caring role, so it is vital that you plan daily breaks, weekends away and holidays.

There are distinct differences between Live-In Care and 24-Hour Care.

Live-In Care has many benefits including lower cost, easy transitioning, better communication, and greater reliability.

Privately hiring a caregiver allows one to save costs as opposed to hiring through an agency.

As a live-in carer, you'll work an average of eight to ten-hour days (not necessarily consecutive hours) a day but you'll need to be on hand to help the client if needed.

You'll also always have a two-hour break (off the premises) every day and you're also never expected to work through the night.
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answered Aug 22, 2023 by Allert (5,090 points)

Hello, there are many ways to save money with a pension certificate. Currently, entrepreneurs support pensioners in every possible way and try to be senior-friendly, so they offer discounts on some services and goods. First of all, it concerns medicine and health improvement. Since the pension is not enough for anything, older people are given discounts on drugs at the pharmacy. Also, pensioners can count on the services of a plumber, electrician and other various craftsmen at a lower price. If some pensioners need rehabilitation or rest, a discount can be given to pay for various health resorts. It can be free as well. Do not forget about public transport, as some benefits provide free travel.

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