Emergency Placement in a Nursing Home
The decision to move a loved one into a nursing home is never easy especially when it comes up suddenly and has to happen quickly. Most dread having to make such serious choices. While every family’s circumstances are unique, virtually all families share one thing in common: those involved in making this difficult decision are beset by a mountain of stress, physical and emotional exhaustion, overwhelming worry, as well as enormous financial pressure.
During this time of grief and anxiety, it’s easy to put one’s head in the sand and simply do nothing, especially if paying for the nursing home has to come out of your own or your loved one’s savings.
So few can afford to pay the full cost of a long-term nursing home stay out of their own pocket. Nursing homes today can cost as much as $137,240[1] per year or more, and a long-term stay can easily impoverish all but the wealthiest families. Many residents will go through their life savings in a matter of months, rather than years.
Avoid Going Broke Paying For Nursing Home Care
It is critical to make good financial choices during this period, because these decisions can have far-reaching and long-lasting consequences. So, how do you cover the cost of nursing home care…and exactly who is responsible for the nursing home bills? Here are your options.
You Don’t Have to Do This Alone
Our firm can be your family’s trusted advocate to guide you through the often strange and complicated process to help you and your loved one find the right nursing home, get the very best care possible, and pay for it all without going broke. But timing is everything, so don’t delay in taking the first step.
If you have questions, we have Operators available to chat right now! Or call us as soon as possible at (818) 532-5599 so we can
(1) discuss how the Medi-Cal guidelines apply to your particular situation and
(2) recommend strategies for working within the guidelines to best meet your family’s needs.
[1] See Annual Median Costs: California – State (2020) at https://www.genworth.com/aging-and-you/finances/cost-of-care.html
