One other thing for you to read and understand is what medicare and her gap insurance will cover. Many people end up in skilled nursing care after a hospital stay which also needs to be considered.I ended up reading and understanding all of this after my mother ended up in the hospital(I was early 50s and really had not a reason to know much of it). I had urged her to get drug coverage. She ignored that advice and ended up paying about $1000 out of pocket until I got her signed up after she ended up in the hospital.I will tell you that I had a spreadsheet and after the monthly bill was paid, I would recalculate how long her money would last. If and when you do this, remember to include income and not just assets ;)
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