Looming crisis in nursing home care
Rural and small market areas continue to experience growing “nursing home deserts,” an increasing crisis for local officials and beneficiaries facing access issues. The problem is two-fold. The closures stem from a mix of staffing shortages and lackluster Medicaid reimbursement—with the latter causing the first. Too many people think that Long-Term Care is free from the government–and it is once you have spent everything you own down to under $2000 and cashed in your life insurance (requirements for married persons differ slightly). Then they find the “no vacancy” sign lit up at assisted living facilities, and the nursing homes closing their doors due to losing money on Medicaid residents have no room either.
It used to be “Buy LTC insurance to not go broke”, but now it’s “Buy LTC insurance so you will find a place to receive care.”
Have you thought about how you will pay for assistance when you need it? Contact Romeo Raabe, the Long-Term Care Guy to discuss alternatives. There are solutions for almost every situation. Call 920-362-7663 or email [email protected] .
