Children, spouses, siblings and friends of elderly people can get paid by Medicaid to help take care of their loved ones. Medicaid would rather pay a friend or family member to help someone while they are still living in their own home, instead of paying for them to be in a long term care facility.
Genworth, a Virginia-based provider of long-term care insurance, conducts an annual survey on the cost of care for seniors. The median price for one month in a private room in a nursing home in 2021 was $8,910. A semi-private room cost $7,800 a month.
To
