Nursing home care is not only an emotional hurdle; it is a financial one as well. Half the battle is in understanding how it will all be paid for.
Nursing home care is not only an emotional hurdle; it is a financial one as well. Half the battle is in understanding how it will all be paid for. To understand paying for a nursing-home stay we must distinguish between a short-term stay and a long-term stay. The sources of payment for these two situations are different. A second factor to consider when discussing the payment of nursing-home care is the breakdown into different categories of what exactly needs to be paid for. The three categories are: nursing-facility room and board, physician services, and medication costs. Each one may be covered wholly, partially, or not at all, depending on the insurance policy.
It is useful to see all this information in one place, set out in a table. Chapter Nine of Cut Through The Noise by Dr. Pobee: Nursing Home Care in The Baby Boomer Era shows helpful examples of tables that you can use for both types of care.
The baby Boomer juggernaut is here.
You may have already been affected by it, pulled in because of a spouse, parent, grandparent, uncle, or aunt needing nursing-home placement. If not, you may well be in the near future.
The sheer volume of this demographic will put a strain on the healthcare system, including hospitals, doctors' offices, and long-term care (LTC) facilities like nursing homes. Cut Through The Noise book has addressed the LTC field. It explained the long-term care continuum, including:
Adult day cares,
To know more, visit http://cutthroughthenoisebook.com/.