Marianne Nolte knew that caring for her mother-in-law would be expensive, especially after the 94-year-old moved into an assisted living center. But there was one expense that caught Nolte’s family off guard.
“One of the things that’s just killing us is she’s incontinent,” said Nolte, a certified financial planner and the CEO of Imagine Financial Services in Fallbrook, California. “She changes her diapers five, six, eight times a day. And that’s not covered by insurance, so it’s out of pocket, and it’s a real expense that people don’t even think about.”
