Raleigh is the capital city of North Carolina and often referred to as the “City of Oaks,” due to the many oak trees throughout the landscape. The area has moderate spring and fall temperatures, hot summers and mild winters. With this in mind, it is really no surprise that this is one of the fastest growing cities in the entire nation. Raleigh is also home to award-winning restaurants, an open-air amphitheater, impressive shopping districts and over 150 lakes, parks, and various green spaces. There is definitely something for all seniors who are searching for a place to call home.
With the fast growth of the city, by the year 2020, it is expected that 17 percent of the total population is going to be over the age of 65. This upward trend in senior residents is expected to continue, which means more and more people are going to require nursing home care. Knowing what to expect can be quite beneficial.
The number of people in the city of Raleigh over the age of 65 is projected to keep going up. Learning about the trends and expectations can help anyone better understand the cost of care in this city.
The number of people over the age of 65 in Raleigh has increased by 60 percent since the year 2000.
The number of pre-seniors (those between the ages of 55 and 64) has gone up by 97 percent in Raleigh since 2000.
In the US, the average cost of care for a semi-private room in a nursing home is a minimum of $85 and a a maximum of $948. In Raleigh, the cost is a minimum of $165 and a maximum of $230 per day. On average, you can expect to pay approximately $70,080 annually for a semi-private room in a nursing home in Raleigh, NC. For a private room, the cost in the US ranges from $100 per day to $948 per day. In Raleigh, this cost for a private room daily is between $185 and $245. Annually, you can expect a bill of $75,555 for a private room. These costs are high and can cause quite a bit of sticker shock for some, which is why it is so important to start planning for long-term care as early as possible.
The type of care provided at a nursing home is more comprehensive than what is offered in assisted living communities or by home care providers. When a person makes the decision to move into a nursing home, they will have a staff present, 24 hours a day and seven days a week. They can provide assistance with all activities of daily life, such as getting into and out of bed, getting dressed, grooming and hygiene, restroom assistance and more. They also provide medication management and planned activities.
When you begin to search for the right nursing home in Raleigh, it is important to take careful consideration of the seniors needs. For example, do they need memory care services? If so, locations such as Brighton Gardens of Raleigh and Sunrise of Raleigh may be ideal. For seniors who want to be nearby to dining, shopping, and other activities, then Sunrise at North Hills may be what they are looking for. The options and locations in regard to Raleigh nursing homes are vast and provide seniors with options to find their new home.
Paying for long-term care in a nursing home can be costly as illustrated here. Unfortunately, many people believe that Medicare will cover the majority of the costs associated with long-term care. In fact, Medicare actually pays for less than two percent of nursing home care. It will only pay for this type of skilled care after a person meets certain requirements and even then, the funding provided is typically short-lived.
Medicaid, which is a joint program between the federal and state government, will cover the cost of care in a nursing home for those who have exhausted all of their personal resources. There is certain eligibility requirement that must be met to utilize this assistance.
Other options to pay for this care include out-of-pocket, long-term care insurance of Veteran’s benefits. The best option is to begin planning early to ensure a financial hardship does not occur if a senior loved one ever does need long term, nursing home care.
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