"Long Term Care Insurance can cover the costs of Assisted Living, Homecare or a Nursing Home; plan for the future"
Posts Tagged ‘nursing home’
Monday, December 6th, 2010
Nursing homes are eschewed by seniors for a variety of reasons, including the surrendering of personal independence, the financial cost, and the perception that nursing homes are “the end of the line.” However, in the state of Pennsylvania, about 400 Philadelphians are taking a novel approach to nursing home care. Living Independently for Elders, or LIFE, has partnered with the St. Agnes Continuing Care Center to provide comprehensive care for older individuals in what many call a “nursing home without walls.”
Wednesday, November 10th, 2010
Up to 70% of individuals over the age of 65 will require long term care and/or skilled nursing at some point in their lives. In the state of Florida, nursing home care can cost up to $77,000 annually. Many states, including Florida, have expanded their long term care partnership programs to offer individuals a means of paying for their long term care needs. As a result, individuals who have a qualifying long term care insurance policy can obtain Medicaid coverage for their long term care needs without having to spend almost all of their assets first. This is important because Medicaid requires that an individual spend down to $2,000 of his/her own assets in order to qualify for state-funded long term care coverage. (more…)
Thursday, October 14th, 2010
Informal caregivers can be friends, neighbors, or relatives who provide assistance and, quite often, long term care to an individual who is either physically and/or mentally incapacitated and needs help with the tasks of daily living. Such caregivers are termed informal because they are not paid for their services. Yet, who are the typical informal caregivers in the state of New York, and what are their concerns? (more…)
Wednesday, September 22nd, 2010
Under Arizona law, nursing home patients have the right to complain about, and receive compensation for, the neglect or abuse that they experience at a skilled nursing and/or nursing home facility. If the nursing home negligence or abuse resulted in serious injury or death, an attorney will probably be required. The case may or may not go to trial, since many nursing home facilities will attempt to settle out of court. (more…)
Thursday, August 19th, 2010
Some assisted living facilities portray themselves as being capable of attending to all types of residents, including those who suffer from Alzheimer’s Disease and dementia. However, there is a big difference between the skilled nursing that is provided at a nursing home versus the non-skilled service that is provided at assisted living facilities. Nursing homes are also likely to have sufficient staff in place, as well as the specialized medical and surveillance equipment, that is needed for adequately taking care of Alzheimer’s or dementia patients.
Friday, August 6th, 2010
The U.S. News & World Report is known for its rankings of colleges, but it also ranks other institutions, including nursing homes. Having investigated over 15,000 nursing homes in the U.S., the journal singled out 131 of these as “Special-Focus Facilities,” or SFFs. These long term care facilities are termed SFFs if three types of violations occur: first, if the facility fails to pass three consecutive inspections in a row, second, if the violation would’ve affected many residents, and third, if the facility fails to remedy the problems on repeat inspections.
Friday, July 30th, 2010
When considering long term care for a friend or relative, you may be interested to know that there are several options available to you in addition to skilled nursing homes or assisted living facilities. Some options are less costly than others, while others allow for the individual to remain in his or her home. (more…)
Monday, July 26th, 2010
Selecting a long term care facility (i.e., nursing home) for an aging parent or relative can be a daunting task. In Illinois, there are facilities that specialize in assisted living (e.g., help with eating) while others focus on skilled nursing or health care (e.g., physical therapy). There are different long term care coverage plans under Medicare and Medicaid, with each plan requiring different qualifiers. Long term care facilities may also carry, or not carry, certain licenses and certificates. (more…)
Thursday, July 22nd, 2010
Maintaining a loved one in a nursing home can be quite expensive. In California, the average annual cost of having one person living in a private room in a nursing home (which provides skilled nursing) is over $87,000. Even in an assisted living facility, where residents are expected to be more independent (and are less supervised), the average annual cost is $42,000. (more…)