Senior Nursing Homes

A SKILLED NURSING FACILITY is for persons who…

• suffer from a chronic physical or cognitive illness or condition.
• require around-the-clock care.

A skilled nursing facility/nursing home is a state-licensed and regulated healthcare facility for seniors who need round-the-clock care due to short-term or long-term illness or injury. Those requiring the care and services offered by a skilled nursing facility may be eligible for Medicare or Medicaid. Skilled nursing facilities
are staffed by trained professionals and often provide rehabilitation services as well as medical and nursing care.

The Centers for Disease Control and Prevention (CDC) report that there are more than 15,000 nursing homes nationwide housing a total of 1.4 million residents.

The Genworth study shows the median cost of a semi-private room in a nursing home to be approximately $80,300 annually, with a private room taking that cost up to in excess of $91,000.

Moreover, nursing home costs are rising at a higher rate than assisted living facilities, at an annualized rate of approximately 4 percent over the past five years.

“Assisted living is the more affordable option,” says Maribeth Bersani, Senior Vice President of Public Policy at Argentum (formerly the Assisted Living Federation of America). “Obviously, if you have a set amount of resources, it will go twice as far in assisted living.”

As in everything in life, you often get what you pay for. If you are looking for quality care and excellence in accommodations, you will pay more. However, be sure to verify quality by checking reviews and references to ensure that the cost is justified.

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