An unfortunately common situation in long term care is depleting funds when living in a Residential Care Facility for the Elderly (RCFE), as all assisted living or board and care facilities in California are known. RCFEs are expensive, with even small board and care homes regularly costing more than $4,000 a month. For most residents, these costs exceed their monthly income, forcing them to rely on whatever savings they have until those savings are exhausted. While these situations can be grim, there are options that typically go unexplored.

Link: http://canhr.org/factsheets/rcfe_fs/html/rcfe_fs.when_the_money_runs_out.htm

Author: California Advocates for Nursing Home Reform