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Private
Resources
Parent's Resources
Social Security and
Pensions
Read
a family example
Savings
Read
a family example
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Elders
receiving Social Security and pensions typically
use this income for their care as long as
possible. Often additional financial resources
are needed. By paying their own way, elders
are able to maintain self-sufficiency, control
and privacy.
Many
elders have saved money with the intent
to use it to pay for long term care. They
prefer to remain self-sufficient rather
than go on public assistance due to negative
attitudes about Medicaid. They hope to maintain
control and privacy by paying their own
way.
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