Article by Liisa Ogburn.
What Happens if Mom Runs Out of Money?
Over 50% of people do, however, with the right planning and contingent on specific requirements, your loved one may qualify for governmental support with Assisted, Memory or Skilled Nursing costs.
Worried Mom Will Run Out of Money? Who isn’t—given the costs of assisted living, memory care and skilled nursing? And what happens if she does?
With the right planning and contingent on specific requirements, she might be able to stay in the same facility with Medicaid or Special Assistance over time picking up the costs. How would that be possible, you ask. It’s complicated. To address some of the main questions, I recently sat down with Elder Law Attorney Janna Wallace of Omega Elder Law. Prior to law school, Wallace worked for four years for Wake County Human Services as a Medicaid Eligibility Specialist.
To view the entire article, visit: https://www.wral.com/what-happens-if-mom-runs-out-of-money-but-needs-care-/17522855/
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About the Author:
Liisa Ogburn is at the heart of Aging Advisors NC, bringing a rich blend of personal experience and global perspective to elder care. Raised in North Carolina with deep roots in Finland, Liisa has a unique appreciation for diverse approaches to aging, shaped by her life across different cultures including Finland, Estonia, Germany, England, Japan, and Costa Rica.
Her path into elder care consulting was deeply personal. While juggling her role as a Duke University educator and caring for her father-in-law and three young children, Liisa started sharing her family’s journey through articles for The New York Times and later, over 300 posts for WRAL Raleigh on everything from handling loss to choosing the right elder care options.
A teacher at heart, Liisa thrives on empowering others with knowledge. She offers her expertise in presentations to various groups—from churches to professional firms—and writes extensively, reaching audiences far and wide. Her credentials include certifications in geriatric care and a special certification from Brown University to teach Mindfulness Based Stress Reduction, reinforcing her belief that calm minds make sound decisions.
