Senior Care Planning: Avoid Over-Paying For Long Term Care

27- Aug2016
Posted By: Tony Fischer
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Senior Care Planning: Avoid Over-Paying For Long Term Care


There is a common theme among seniors and their families who are using the long term care system.  Most of them are overpaying.

Seniors are paying too much for long-term care because they lack understanding of how the senior healthcare system works. There are multiple levels of the senior healthcare continuum and although they vary slightly from state to state they still offer plenty of options for seniors; many of which provide better outcomes at a lower cost.

NURSING HOMES ARE THE DEFAULT LONG TERM CARE PLAN!

Patients who are 65+ and need some extended rehabilitation after a hospital stay will probably be encouraged to discharge to the local nursing home. In some circumstances this is the right plan. Nursing Homes are a vital part of the healthcare continuum but seniors only need nursing home level of care if they are have a condition that requires constant monitoring by a doctor or nurse.

Nursing Centers also provide excellent therapy programs for patients needing a more intense therapy intervention than they can get at an outpatient clinic. However unless you a senior needs extensive assistance to attend and complete therapy, there are other options that could be more effective.

OUTPATIENT THERAPY

If a senior has the support of family or friends to help them get to their therapy appointments, outpatient therapy may be the best option. Therapists at this level are focused on a patient’s mobility in the community instead of mobility in a facility.  The therapy sessions are more intense and usually involve more up-to-date equipment than that of the nursing home.

ASSISTED AND INDEPENDENT LIVING

These facilities offer a variety of services for seniors at the fraction of the cost.  Services are often provided onsite, eliminating the need for transportation, and usually include therapy, nursing, incontinence care, medication pass, housekeeping, light meal prep and more. These services can also be increased or scaled back depending on the senior’s health condition. This enables them to manage their precious financial resources.

HOME CARE SERVICES

For those seniors who need assistance without the constant monitoring from a doctor or nurse. Home Care might be the best way to go. Home care is perfect for those who need therapy and nursing treatment but at less of a frequency.

That said home care does have an element of DIY and has the best outcome when supported by family and friends.  Our Senior Care Sherpas can evaluate the seniors current need and help develop a plan that is effective a cost efficient.  Fill out the form below to set up a free consultation.

MORE COST EFFICIENT

According to Genworth.com average cost for Nursing Home nationwide ranges from $6,844 to 7,689.  In some states costs can reach as high as $14,000 a month!  Why so expensive?  Medicare only covers 100% for 20 days into your stay. After that there is a 20% co-payment that could cost around $160 a day!  Nursing Home care is so expensive because of  the licensed and certified staff needed to meet federal and state guidelines.

Unless a senior has a health condition that requires these expensive services, explore other options. There may be services that would be better and cost efficient options suited to meet current needs.



Tony Fischer

As an advocate for elders and their families, Tony has experience in the entire healthcare continuum. He has worked in hospitals, nursing homes, home care, hospice, and non-profits.

His vast and unique experience led him to become a consultant that helps clients navigate the senior healthcare system. Tony also works hand and hand with healthcare providers to improve and streamline customer service.