Costs
Last week’s blog explored the complexity of and potential changes to the nursing home admission rules laid out by the Center for Medicare and Medicaid Services. There are specific requirements that must be met in order for Medicare to pay for nursing home care. These rules are complex and confusing, and mistakes can be costly.…
Read More Findings of a new report, the Genworth 2017 Cost of Care Survey, was just released by Genworth Financial. The findings: the median annual cost of a private room in a nursing home is $97,455 ($8,121/month); a semi-private room is $85,775 per year ($7,148/month); a home health aide costs about $49,000 per year ($4,099/month) and…
Read More Findings of a new report, the Genworth 2017 Cost of Care Survey, was just released by Genworth Financial. The findings: the median annual cost of a private room in a nursing home is $97,455 ($8,121/month); a semi-private room is $85,775 per year ($7,148/month); a home health aide costs about $49,000 per year ($4,099/month) and that…
Read More Money, Death, and Medicaid—topics very few want to discuss. When it comes to planning ahead for retirement, long-term care needs or death, I have come to learn that few families ever approach these topics. Most of our families come to us in crisis – they have insufficient funds for retirement, no plan for their long-term…
Read More When doctors fail to discuss costs with their patients, it can undermine the patient’s health.
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