Previous posts here have stressed the importance of solid planning when it comes to nursing home care. Those plans typically include efforts to enroll in Medicaid coverage. However, not everyone will be eligible to enroll in Medicaid, but many will still encounter the need for some type of long-term or nursing home care in life, usually in elder years. So, what can our readers in Georgia expect when it comes to nursing home and long-term care costs?
Well, according to U.S. Department of Health and Human Services statistics, most people can expect to face significant costs for these services. For example, the statistics show that the average cost on a monthly basis for a semi-private room in a nursing home is almost $6,900 a month. That's about $225 per day. If someone has a private room, those costs will rise to nearly $7,700 per month, or about $253 per day.
Of course, not everyone will need the extensive services that nursing homes in America can provide, such as near-constant supervision of residents and administering health-related services. Some people can get by with less intensive care, such as the care that can be provided at an assisted-living facility. But, the statistics show that level of care can be expensive as well: approximately $3,630 per month, which is about $120 per day.
It should be obvious from these statistics that paying for nursing home or long-term care costs can wipe out a person's savings and finances. But, with proper planning, many of these costs can be anticipated and accounted for ahead of time.