Making the decision to enter a nursing home brings a lot of questions and a big transition. You want to know everything about the facility, including how much it’s going to end up costing you. No matter where you go, nursing homes are going to be on the more expensive side, but here in Minneapolis, it’s easy to find affordable rates that can fit your budget. There are also plenty of options when it comes to paying for nursing homes so you aren’t doing it all alone.
In the year 2013, over $2.3 billion was spent on nursing home facilities in Minnesota.
26,616 Minnesota residents lived in nursing homes in the year 2014. That is about 2% of the U.S. population.
Minnesota spends about 44% of its Medicaid funding for long-term care for the elderly.
Over one in three nursing homes in Minnesota received an above average health inspection.
When you look at the average cost to be in a nursing home here in Minneapolis, the numbers are comparable to the national average. In 2015, the national average cost for a semi-private room in a nursing home was $80,300 and for Minneapolis, the average cost was $84,406. The numbers for a private room were a little higher, with the national average at $91,250, and Minneapolis at $94,900.
Now, while those numbers might cause you a little anxiety, don’t get too worried yet. You can find a wide range of prices at nursing homes across in the Minneapolis area. The type of home you choose, along with the services you decide to receive are also going to affect your total cost. There are over 40 facilities to choose from in Minneapolis so it should be easy to find one that fits your budget.
There are many different services that a nursing home can provide, but one of the main goals is to take care of your health. There will always be some kind of medical team on staff whether it’s nurses, nurse aides, doctors, or even specialists. These people are trained to handle any health issue that you might have as well as any medical emergency that could occur. If you have a pre-existing condition, like heart disease, they will make sure to monitor your status and check that you get the proper treatment.
Nursing homes can also provide specialized care for certain diseases, or conditions like dementia or cancer. From administering medication to scheduling appointments, the staff at your home will care for your health. They are also trained to handle patients that are near the end of their life and will provide hospice care for patients and their family. Any other basic need you have will also be met like proper nutrition with carefully planned and prepared meals, therapy or other exercises to keep you strong and healthy, and mental health screenings to make sure everything is fine.
Beyond the medical side of things, nursing homes are also aware that this is where you live and spend the majority of your time and they want to make sure you have a good quality of life. That’s why most facilities have a director that is in charge of scheduling activities for the residents throughout the week. This can be anything from arts and crafts, live performances, or movie screenings. The facility may even schedule outings so you can enjoy all Minneapolis has to offer.
The best way to know if a place is going to be right for you is to schedule a visit. This way you can meet with the director and ask any questions you might have about the daily schedule, services offered, and finances. You can also ask to see the yearly state inspection report and make sure the facility is up to your standards.
This also gives you a chance to tour the buildings, see where you’ll be living, interact with staff members, and talk with current residents. It’s also a good idea to see if you can have a meal there and start to get a feel for the nursing home. These steps can make your decision easier and your transition smoother.
The one question left is how to pay for your long-term care. You have a few choices and you should pick the one that suits you and your budget best. If you are planning on staying at the nursing home permanently, you can look into selling your house and using the money to cover your care. If you aren’t, you could consider renting out your house or possibly doing a reverse mortgage, just make sure that you talk to a financial advisor so you make the right choice for you.
If you have long-term care insurance, this is the time to call your agent and see what is covered under your policy. If you don’t have this type of insurance, you could look into cashing out a life insurance policy or see if you meet the requirements for Medicaid. Veterans can check with their local office to see if their VA benefits include long-term care coverage, or if their area has a dedicated nursing home just for vets.
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