NursingHome
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NursingHome
Even when entering a nursing home just for short-term rehabilitation, it is important to find out if they accept Medicaid as a form of payment.
Have you discussed with your family and loved ones how you would prefer to receive senior care, should the need arise?
As Medicare only pays for nursing home care for a few months after a major medical incident, and Medicaid provides for nursing care for low-income seniors who have virtually no assets, alternative options are becoming more common. Assisted Living Communities and Senior Home Care Agencies are able to provide for many elder care needs.
Assisted Living is a term which does not have a standard definition within the senior care industry. While it usually guarantees there are meals available in a dining room, nurses on staff to monitor medical conditions, appropriate senior activities and transportation, this varies widely depending on the community. At the same time, while more services may be available, they may not be included in the monthly rental fee and result in additional costs.
Fidelity Investments recently released a study showing that a senior couple should expect to pay $85,000 on average, to cover long-term care insurance premiums.
Caregiverlist.com called nursing homes around the country to find out their daily costs and compares these with the costs of care in the home by a Senior Home Care Agency.
Former First Lady Rosalynn Carter offers $20,000 award for caregiving to recognize leadership in implementing innovative and creative partnerships between community agencies and researchers.