Got Cash? You Better!

Cost of Nursing Facility Care Failure to account for the cost of nursing facility care is the main cause of impoverishment among the elderly.  An American Health Care Association report recently reported that the average American man is expected to spend $56,895 in long-term care expenses.  The  average long term care cost for American women is $124,370.  Private health insurance generally does not cover extend stays at nursing facilities.  Therefore, even for people with means, an admission to a nursing home or skilled care facility means a rapid drain of personal funds.

Most residents at nursing homes are forced to rely on Medicaid because of a staggering drain on personal funds.  Unfortunately, people who rely exclusively on Medicaid have a limited number of facilities available to them.  Often, facilities which rely exclusively on Medicaid for funding are inferior to those who are predominately privately funded.

What is the consequence of all these financial problems with long term care for the elderly? I came across this article describing how the financial crisis trickles down to home how doctors and other medical professional make career choices.  Not surprisingly, the current  financial shortfalls involving nursing homes and long term care are discouraging many skilled medical professionals from treating the people who desperately need them.

Client Reviews

★★★★★
Jonathan did a great job helping my family navigate through a lengthy lawsuit involving my grandmother's death in a nursing home. Through every step of the case, Jonathan kept my family informed of the progression of the case. Although our case eventually settled at a mediation, I really was impressed at how well prepared Jonathan was to take the case to trial. Lisa
★★★★★
After I read Jonathan’s Nursing Home Blog, I decided to hire him to look into my wife’s treatment at a local nursing home. Jonathan did a great job explaining the process and the laws that apply to nursing homes. I immediately felt at ease and was glad to have him on my side. Though the lawsuit process was at times frustrating, Jonathan reassured me, particularly at my deposition. I really felt like Jonathan cared about my wife’s best interests, and I think that came across to the lawyers for the nursing home. Eric