Caring for an Aging Parent without Going Broke

Most adult children would like nothing better than to care for their aging parents. After all, these are the people who raised them and worked hard to give them the best lives possible.Most adult children would like nothing better than to care for their aging parents. After all, these are the people who raised them and worked hard to give them the best lives possible.

The reality is, however, that many adult children are understandably concerned about taking on the financial responsibility that comes with caring for their parents. Medicare generally doesn’t cover long-term stays in a nursing home and even if a family has Medigap, private health insurance won’t cover many expenses. Read more