Cost of Long-Term Care*
One of our favorite tools for getting a baseline on long-term care costs is the Genworth Cost of Care Survey. Enter your city, state, or zip code for the median cost of care for a variety of care settings (including your home) in your location.
We stress median costs, as our experience as geriatric Care Managers is that LTC costs more than the median reflected in the survey. But again, it's a great place to start to get a realistic picture of costs, options, and levels of care.
Skilled Nursing: As Nicole shares in the podcast, if you're privately paying for a skilled nursing facility, you could easily be paying $13,000 - $15,000 a month. It's expensive and a very clinical atmosphere. Skilled nursing, as discussed last week, is for those individuals who are rehabilitating following a hospitalization or needing 24/7 medical care. There are also residents that are who are utilizing Medicaid funding, with Medicaid covering the cost of their care. Skilled Nursing podcast.
Adult Family Homes (AFHs): AFHs in our area typically range from $7,500 to $10,000 a month. Occasionally, we see it go a little higher for someone who has a pretty substantial care needs. We've seen it go as high as $12,000. That's a little bit of an outlier. One of the things about adult family home costs is that they tend to be a little bit more contained over time. Adult Family Homes podcast.
Side note: There's more of a cost ceiling with adult family homes. And there are opportunities in some adult family homes for people to spend down to Medicaid.
Assisted Living: With Assisted Living there are different levels and points, and so costs can vary widely as a result. We may know what it'd cost today, but it's difficult to predict (though we encourage you to ask questions to be prepared for what care may cost in six months or two years. Assisted Living podcast 1. Assisted Living podcast 2.
Memory Care: Memory care cost are more closely aligned with assisted living. Total monthly cost we see usually range from $7,000 to $12,000 a month depending on the community and the care needs. Memory Care podcast.
* The costs of care that Nicole discusses in this podcast are what we see in the greater Seattle-Bellevue, Washington state area.
Interested in exploring and planning for long-term care housing and not sure where to start? We can help! Schedule a free get-acquainted call today.
This podcast is part of a longer conversation between Nicole Amico Kane, Director of Care Management at Aging Wisdom, and Brenda Dodd, Director of Training and
Cost of Long-Term Care*
One of our favorite tools for getting a baseline on long-term care costs is the Genworth Cost of Care Survey. Enter your city, state, or zip code for the median cost of care for a variety of care settings (including your home) in your location.
We stress median costs, as our experience as geriatric Care Managers is that LTC costs more than the median reflected in the survey. But again, it's a great place to start to get a realistic picture of costs, options, and levels of care.
Skilled Nursing: As Nicole shares in the podcast, if you're privately paying for a skilled nursing facility, you could easily be paying $13,000 - $15,000 a month. It's expensive and a very clinical atmosphere. Skilled nursing, as discussed last week, is for those individuals who are rehabilitating following a hospitalization or needing 24/7 medical care. There are also residents that are who are utilizing Medicaid funding, with Medicaid covering the cost of their care. Skilled Nursing podcast.
Adult Family Homes (AFHs): AFHs in our area typically range from $7,500 to $10,000 a month. Occasionally, we see it go a little higher for someone who has a pretty substantial care needs. We've seen it go as high as $12,000. That's a little bit of an outlier. One of the things about adult family home costs is that they tend to be a little bit more contained over time. Adult Family Homes podcast.
Side note: There's more of a cost ceiling with adult family homes. And there are opportunities in some adult family homes for people to spend down to Medicaid.
Assisted Living: With Assisted Living there are different levels and points, and so costs can vary widely as a result. We may know what it'd cost today, but it's difficult to predict (though we encourage you to ask questions to be prepared for what care may cost in six months or two years. Assisted Living podcast 1. Assisted Living podcast 2.
Memory Care: Memory care cost are more closely aligned with assisted living. Total monthly cost we see usually range from $7,000 to $12,000 a month depending on the community and the care needs. Memory Care podcast.
* The costs of care that Nicole discusses in this podcast are what we see in the greater Seattle-Bellevue, Washington state area.
Interested in exploring and planning for long-term care housing and not sure where to start? We can help! Schedule a free get-acquainted call today.
This podcast is part of a longer conversation between Nicole Amico Kane, Director of Care Management at Aging Wisdom, and Brenda Dodd, Director of Training and