Cincinnati is famous for its incredible natural beauty and contributions to U.S. culture. The city is home to sprawling museums, historic architecture and stunning parks. If you’re looking to settle down in Cincinnati, you can find a range of prices when it comes to nursing home care. The city boasts everything from long-term economy lodging to luxurious, high-end nursing facilities. Care costs in the city can become expensive over time, but luckily, there are plenty of ways for Ohio seniors to pay for room and board in a nursing home.
In 2014, there were 74,828 seniors living in Ohio nursing homes.
The number of people aged 85+ living in Ohio is expected to grow by 45% between 2007 and 2030; many of those seniors will require long-term care.
Over 2 million Ohio residents rely on Medicaid to pay for health care, including nursing home care.
In 2009, Ohio spent 83% of its Medicaid long-term care budget on nursing home care.
Cincinnati seniors can find a price to fit any budget when it comes to nursing home care. The city is home to both luxury and value nursing home options, although long-term care costs in the Cincinnati area do tend to be slightly higher than care expenses throughout the rest of the country.
The median cost of care for a Cincinnati nursing home resident with a roommate was $6,696 per month in 2015, while the median cost for a private room hit $8,121 per month. Meanwhile, the national median rate for a semi-private room in a nursing home was $6,692 per month, just a few dollars less than the median cost of care in Cincinnati. The nationwide median monthly cost for a private room was just $7,604 in 2015, over $500 less than in Cincinnati. Fortunately, there are plenty of ways that Ohio seniors are able to save on long-term care costs through insurance and government benefit programs.
Every nursing home is different, offering unique services and individualized care for its residents. The one thing that all nursing homes have in common is that they provide a high level of care for patients that are unable to live independently. The resident registered nurse and certified nursing assistants monitor patients and provide skilled medical care when necessary. Many nursing facilities offer specialized long-term care options for residents with severe cognitive or physical disabilities.
Nursing home residents often need help with daily activities beyond medical care. Many seniors in nursing homes need assistance with personal upkeep including bathing, grooming, and eating. Residents are fed a balanced diet that is designed to meet their specific nutritional requirements. The quality of food varies between nursing homes, so it’s a good idea to try a meal or two when touring a facility’s campus.
Once you’ve found a nursing home that offers the services that you need, you might be wondering how you’re going to pay for the costs of long-term care. Even when sharing lodging with a roommate, nursing care can become expensive. Out-of-pocket costs can total thousands of dollars each month. Unfortunately, Medicare and most private insurance plans will only cover a small fraction of these nursing care expenses. Before you find yourself looking for a nursing home, you should consider purchasing a long-term care insurance policy to help cover the future costs of personal care and medical services.
If you’re not covered by long-term insurance, do not worry. Cincinnati residents that own property can sell their house to help pay for their stay in a nursing facility. Senior homeowners can also pay for care by taking out a reverse mortgage on their house. This is an ideal option for Ohio seniors with a spouse or partner still living at home, but it means that friends and family members will not be able to inherit the property. Homeowners that want to keep their house have the option of cashing out a life insurance policy for extra cash, but there may be taxes and fees involved.
Ohio residents that can’t afford health care can turn to the government backed Medicaid program for financial assistance. This program is open to all low-income state residents, including senior citizens that require long-term nursing care. Veterans that are housebound or need 24 hour care may be eligible to receive the VA Aid & Attendance pension. Cincinnati veterans can contact the Cleveland VA regional benefits office to see if they are eligible.
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