How do rich people pay for nursing home care?

In the US, if you are rich, you pay for nursing home care yourself, unless you have purchased long term care insurance. My Dad went into a nursing home at the very end of his life. read more

In the US, if you are rich, you pay for nursing home care yourself, unless you have purchased long term care insurance. My Dad went into a nursing home at the very end of his life. While he was not very rich, he had enough money that he had to pay for his nursing home care himself. I wrote them a check for over $14,000 for the first month. read more

Some long-term care insurance policies pay for in-home care, but many cover only nursing home care. And some policies that do cover in-home care require that the home health care agency be certified and that your loved one's health needs be serious enough to require a nurse practitioner or home nursing aide. read more

According to the U.S. Bureau of the Census, 5% of people over age 65 live in nursing or assisted living homes and 25% of them will spend some time in one. The chance of a stay in a nursing home increases 1.4% a year from age 65 on. Almost 50% of those over age 95 live in nursing homes. read more