Just went through this with my dad. Fortunately he was financially able to be in an assisted living facility which gave me and my sister much needed assistance

Just went through this with my dad. Fortunately he was financially able to be in an assisted living facility which gave me and my sister much needed assistance and help during the process. As mentioned in the article, hospice covers very little. Unfortunately nursing home or assisted living costs $200-$800 per day depending on the place you live and the assistance needed. If your loved one doesn't qualify for Medicaid, they are responsible for that. Medicare does NOT cover it, contrary to what many think. The only option for many is to drain their savings until they are destitute enough to qualify for Medicaid. One could argue that one reason you save is to take care of yourself in old age, but when the draining of savings actually happens it adds to the emotional toll. Long Term Care insurance is an option if you plan ahead, but it has become VERY expensive and hard to get now that the LTC providers have realized that their actuarial tables were way off years ago. Tough situation.