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Nursing Home vs. Assisted Living
The question
remains: which is best? Assisted living, nursing homes and other types of
senior care all have their benefits and drawbacks. The important task is to
find the level of care that meets your loved one's needs and will continue
to do so for quite some time. For more help determining the best fit for
your loved one, call Senior Living Advisors directly to discuss your needs.
Our hope is that this discussion gets you thinking more specifically about
your options free of charge. The all-important question: "nursing home vs.
assisted living" is something we deal with every day. Let us help you find a
place that will meet your loved one's need and promote well-being.
Here are some parameters of choosing the right nursing home for your loved
one:
Nursing Homes A nursing home is a facility that provides nursing care to
people who are not sick enough to need hospital care but who are not able to
remain at home or at an assisted living facility. Skilled care is provided
24 hours a day and the services are provided by trained medical
professionals, such as nurses. Skilled nursing care includes changing wound
dressings, giving intravenous (IV) fluids and injections, blood products on
a regular basis. Skilled care also includes rehabilitation services, such as
speech or physical therapy. Nursing homes usually cost more than other
kinks of long-term care housing. Patients in a nursing home may be bed
bound, wheelchair bound or recovering from a debilitative illness such as a
stroke or heart attack.
Some Residential Care Homes can accommodate
some of the same needs with the use of Home Health Services. Ask us about
which residential care homes can meet specific health care needs. Cost
of Nursing Homes The phenomenal growth of Assisted Living is due to
several factors. First, Assisted Living, is viewed by individuals as an
alternative to the high cost and Institutional lifestyle associated with
conventional nursing homes. The average cost of nursing home per day is
$189, semi or private room (approx. $69,000 annually, $5800 monthly).
Assisted Living and Residential Care Homes may average $3000 per month for
semi or private room. Ask us about the prices and care provided in your
area. hat can you afford? If your parent needs help with his daily activities, he will benefit from residing at an assisted living facility. Bear in mind that the cost of such long-term care increases at 4.5% per annum, so you need to plan accordingly. Next, determine, with the help of your financial advisor, how to convert each financial asset your parent has into a revenue stream that can generate monthly payments. Ask if this facility accepts Medicaid and if they will continue to care for him, if he runs out of money.
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