Nursing home care is known to be expensive, and each day the bills go up more and more. There are a lot of other ways you would probably like to spend money, and nursing homes are most likely not at the top of your list. Luckily, you can find a quality nursing home with a more modest price tag than some of the luxury care facilities. If you have the budget and want a luxury home, those are also available, but you can find ways to save money and find quality care that suits your budget.
As of 2014, there were 15,600 nursing homes in the US.
There were 1.4 million nursing home residents in the US in 2014.
Ohio ranks 5th in the US with the number of nursing home residents.
As of 2015, there were approximately 75,200 Ohio nursing home residents or 6 percent of the US population.
On average, nursing home costs would require 246 percent of the annual median household income for seniors.
Nursing home care prices vary widely by geographic locations. According to Genworth Financial, the 2016 national median rate for a semi-private nursing home room was $82,128 per year in 2016, and the price for a private room was 92,376. Toledo is more expensive than the national median. In Toledo, the average rate for a semi-private nursing home room was $85,958 per year, while the private room averaged $96,488.
These prices are averages, so you will find various prices with different style homes. You should shop around to find the best home for your budget. You can also consider communities in nearby cities and suburbs, which may be less expensive.
Nursing home care offers a registered nurse on staff 24/7 to assist with medication, wound care, following doctor’s care orders, and scheduling needed therapies such as physical and occupational. There are also certified nurse assistants to provide patient care and interaction. They work with the RN supervisor and families to monitor and report patient’s conditions and any changes they observe.
Nursing homes concentrate on long-term care for residents, but some also provide memory care for dementia and Alzheimer’s in a separate wing or a standalone facility. Ohio Living Swan Creek offers memory care and received high ratings on SeniorAdvisor.com. There are also several facilities, like Sylvania Care and Rehabilitation Center, for short-term care or rehabilitation services after a hospital stay or surgery. Most nursing homes also provide hospice care for terminally ill patients and their families.
To keep residents as healthy as possible, the meals from the kitchen are nutritionally balanced following strict diet guidelines such as diabetic, low-sodium, vegetarian, and kosher. Residents can eat in the large dining room or in their rooms. If a patient needs help eating, a CNA will provide assistance.
There are various activities and programs available to help entertain residents and keep them active. These programs include games, dances, parties, crafts, outings, and exercise.
If your loved one has a pet, some nursing homes allow pets. Several communities offer on-site beauty care, dental care, and podiatrist visits.
When selecting a nursing facility, you should visit each facility and ask about the staff, activities, meals, licensing, services, and spiritual support. The state inspection report is a great resource to see if there are any issues. Be sure to ask how they have resolved any issues reported.
One of your best resources when selecting a nursing home is to get referrals. Talk to current residents when you are visiting a community and see how they feel about the facility. Visit during a mealtime and taste the food to see what you think. Also, get an itemized list of the monthly bill to so you know what services are extra or part of the monthly expense. AARP posted a list of questions to ask when you are visiting a nursing home to help you with your decision.
Contact your local Ohio Department Area on Aging for information and resources to find the best care for you. They can help answer any questions or concerns about long-term care. The Department of Aging is your advocate to help educate you and help you find your best option.
One of the most cost savings options you can select is to choose a semi-private room versus private. Using the 2016 Genworth median rates for Toledo above, a patient could save about $10,530 a year. A roommate may also help your loved one feel more comfortable and less lonely as he or she gets used to the new facility.
Even with managing your monthly expenses by cutting small, unnecessary services, you still are probably curious how your loved one is going to pay for this enormous expense. A long-term care insurance policy does cover skilled nursing care. So if your loved one has a policy, talk to the insurance agent about coverages, limits, and policy gaps. Don’t forget to pay on time to prevent a lapse in coverage. If you or your loved one does not have a long-term care policy, no need to worry because there are other options to pay for this expense.
Medicaid is an option for low-income seniors with limited assets. Veterans who served in war along with their widows may be eligible for the VA’s Aid & Attendance pension. To learn more about how to apply and requirements, contact the VA’s local Lucas County Veteran’s Service Office.
For seniors who own a home, they may be able to use a reverse mortgage, which provides cash using the equity in their homes. Some life insurance policies can be cashed out early for the money.
Be sure to discuss these things with your tax advisor, lawyer, or estate planner because there are fees, taxes, and other stipulations. The Ohio Department of Commerce can answer questions on reverse mortgages along with answering questions in their resource guide. For information on cashing out a life insurance policy, visit the Ohio Department of Insurance’s website or talk to your life insurance agent.
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