A new study from the National Council on Aging (NCOA) and the LeadingAge LTSS Center at the UMass Boston has bad news. 80% of older Americans lack the financial resources to pay for two years of nursing home care. That is awful. The national average cost for assisted living is around $4,500 per month according
The website “The Conversation” had a fantastic article about the decision to move a loved one into a nursing home. There are some important things you should consider when trying to decide the best option for you and your loved one. The article outlined six below: 1. Your loved ones’ views around going into care We
According to a recent study by Genworth Financial, the median cost of nursing home care in the United States was $8,910 per month for a private room and $7,800 per month for a semi-private room in 2021. These costs are significantly higher than your average mortgage or credit card bills and they can be a hefty
Consumer Financial Protection Bureau published protections for nursing home residents from illegal collection activities. Families should understand their rights, especially when it comes to helping a loved one gain admission to a nursing home. Some nursing homes and debt collectors are billing and suing caregivers for residents’ cost of care based on illegal admission contracts.
In September, CMS posted ownership data for 15,000 nursing homes. The federal agency identified holding companies and consulting firms to data on the website. However, the data is based on unreliable self-reported information. Recently, McKnight’s reported major moves in the long term care industry. Sabra and Promedica are selling out. Leaving devastation in their wake. Sabra
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