i kind of disagree with the life savings part
why should the tax payer pay so your family can have an inheritance
There are basically two streams available for long-term care.
1. Private pay, where you foot the entire bill paying a for-profit company to stay in their building, and it can run $10-$20,000 per month, depending on the size of your room and how much help you need (how many touch points per day). My understanding is that wait lists are typically shorter, and often people are there until they can get a publicly subsidized spot.
2. publicly subsidized spaces. They may be located entirely in a publicly run building, or they may be leased spaces in a privately run for-profit building. They take 80% of your income, up to a maximum of around $4700 per month (i’m talking BC). The health authority triages cases based on whatever their priority criteria are, and will ask what your desired ones are, but offer you first available one when any space opens.
There is a third option in some cases (harder if the individual has dementia). It’s the most desirable one of all if you can afford it, and that is adapting your home and paying for 24-7 caregiving at home. But, and it’s a big but, You have all the expenses of your home, plus you’re paying $10-$12,000 a month for a live in caregiver, and dealing with their payroll as their employer.
It seems like the best option is to get a publicly subsidized bed in one of the leased private-pay facilities, But I’ve already been told the waitlist can be 2 to 3 years for the best ones.