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Elderly Parent with No Money: How to Get Them Care

Updated January 2026 · 14 min read

Your parent needs care, but they have little or no savings, no pension, maybe just Social Security. You're worried about affording care—and worried about your own financial future. Here's what help exists and how to access it.

You're Not Alone

Many elderly Americans have little savings. The median retirement savings for Americans 65-74 is about $164,000—which covers about 2-3 years of nursing home care. For many, it's much less or nothing. Programs exist because this is common.

Government Programs

Medicaid

The primary payer for long-term care for those who can't afford it.

Medicare (Limited)

Medicare does NOT cover long-term care, but it does cover:

Supplemental Security Income (SSI)

Additional income for very low-income elderly and disabled:

Veterans Benefits

If your parent served in the military:

Community Resources

Area Agency on Aging

Your first stop for local resources:

Free or Low-Cost Services

Faith-Based and Nonprofit Programs

Housing Options

If They Can't Afford to Stay Home

If They Need Facility Care

If your parent needs assisted living or nursing home care and has no money:

Don't Hide Assets

Medicaid has a 5-year "look-back" period. Giving away money or property to qualify for Medicaid can result in penalties. Consult an elder law attorney before making any transfers.

Are You Legally Required to Pay?

In most states, children are NOT legally required to pay for a parent's care. However:

Protect Your Own Future

Don't drain your retirement savings to pay for parent care. You won't qualify for the same programs that help them. If their money runs out, Medicaid exists. If yours does, there's no safety net for you.

Getting Help Applying

These programs have complicated applications:

If You're Helping Financially

If you choose to help pay for parent care:

What If They Refuse Help?

Some elderly parents refuse to apply for benefits due to pride or confusion:

Action Steps

  1. Assess current income and assets: Social Security, pension, savings, home equity
  2. Determine care needs: What level of help do they actually need?
  3. Contact Area Agency on Aging: Get information on local resources
  4. Apply for Medicaid: If they may qualify
  5. Check VA eligibility: If they're a veteran or veteran's spouse
  6. Explore all options: Don't assume you can't get help without asking

Benefits Eligibility Checker

See what programs your parent might qualify for.

Check Benefits

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