Happy MLK Day Dolls,
I hope you had a great day, thanking Dr. King for all of his hard work to bring love, peace and equality to our nation. This weekend I had the opportunity to deliver my first sermon on Tithing! I had a great time and the parishioners loved it. I thanked God numerous times for allowing me to be his vessel yesterday. I am humbled and thankful.
Now onto business. Over the last few weeks, we have discussed what Long Term Care is and what it does. Today in part 3 of the series, we will go over where you will be able to receive care.
Where can I go?
Depending on where you would like to rehabilitate and the state you’re living in, will determine how much you’ll pay for Long Term Care. Below are estimated examples for annual and monthly stays:
Skilled Nursing Facilities Private Room Annual Rate:
Skilled Nursing Facilities Semi-Private Room Annual Rate:
Assisted Living Facility Monthly Rate (2 bedroom):
Assisted Living Facility Monthly Rate (1 bedroom):
Assisted Living Facility Monthly Rate (Studio):
Registered Nurse Per Visit Rate:
Licensed Practical Nurse Per Visit Rate:
Home Health Aide Hourly Rate:
As you can see, the least expensive one of the 3 options is Home Care with a Home Health Aide. If a person has a Home Health Aide for 8 hours a day, 7 times a week at around 25.00 an hour, this will come out to approximately 67000 a year. Remember, Medicaid and Medicare will only pay for a little, not the whole stay. You will have to deplete your savings, retirement plans and any other assets to pay for Long Term Care if you don’t have a plan in place.
If you want to be in another state, here is the link to look up Long Term Care costs in other locations around the US. http://www.ltccosts.com
The policy is portable, meaning you can take it to any state you want to.
Next week’s topic: Long Term Care – When Is The Best Time To Apply For It
If you have any questions, please feel free to ask here or email me @:firstname.lastname@example.org
Have a beautiful and blessed week!
Changing the lives in our community….one family at a time