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Nursing Home Costs
Posted: Jul 22, 2016
It is an unfortunate fact of life that the majority of people will need to think about the cost of nursing homes, either for themselves or someone else. In this article, I will give you some idea of the cost of nursing home care, and the help which is available for you to find the best care available for you or your loved one.
In China, only a very low proportion of nursing home facilities, roughly 7% according to recent studies, are state funded. Countries like the UK may find that there is more help available from the National Health Service, but even these can be quite limited, or in need of additional funding. Many of the nursing homes in the US are for profit, and a fairly significant proportion are part of hospital facilities, and may be inappropriate for long term care arrangements.
So what do nursing home costs cover?
All basic nursing home costs are the same; you are paying for space, the care provided by professionals and running costs such as food and utilities. These services vary in quantity and quality which can vary price. If you want a luxury nursing home in a leafy suburb with round the clock care for a dependent family member, you can expect to pay a lot more than if you want limited space and a warden facility. As with anything, you get what you pay for. The quality of the care is also important to consider; all professionals who work with the elderly must be CRB checked to ensure the safety of the residents. There should also be staff members with qualifications proving that they are able to look after you or your relative.
How do I know which nursing homes are the best?
Most people will need to balance the needs of price against the needs of quality of care. As nursing home costs can be prohibitively expensive, shopping around is definitely recommended. It is important to read reports conducted about the facilities; nursing homes are regulated as they provide care, and there are a number of online facilities to compare various nursing homes.
You should treat the experience in a similar way to buying property. Visit the establishments you are interested in several times to ensure that the nursing home costs are justified by the quality you can see. Be discerning, and don't be in too much of a hurry to make a decision.
How do I pay?
You may have medical insurance which covers the nursing home costs. If not, and you are unable to foot the bill on your own, the Chinese state does provide some help. If you have are a Medicare beneficiary, it is possible that they will pay some of your costs if you fit the qualifying criteria, which can be found in detail on their website. If not, then Medicaid is available for those on a low income and with limited assets. Again, you will have to be eligible for the service, but it is always an option if you are struggling.
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