Monday, March 18, 2013

Nursing Homes - A Study on Their Average Costs


Today, there are different homes which accommodate people who need care, and each differs in the services they provide and the kind of people they take care of. Depending on this, the average cost involved with each of these different homes is also different. The different types of homes include residential homes, nursing homes, dedicated dementia care homes and dual registered homes.

About Nursing Homes

Nursing homes are meant for people who need personal care as well as medical care. Such homes are more concerned on the physical as well as mental well-being of the person they have to take care of. For this purpose, such homes have trained nurses to look after the patients. Because of this factor, the rates for a person to be accommodated in nursing homes are much more compared to other normal care homes. According to the studies conducted on the average costs included in using the service of such a private firm is at least $36000 per year. If the firm is not fully private, then the costs included may be a little lesser, but yet not very affordable to common people. There some cases where the state provides half the funding for the nursing homes, but only very poor people who cannot afford to live on their own are permitted to avail these facilities.

About Residential Homes

The residential homes are similar to the nursing homes in some aspects. That is, there are nursing homes without medical assistance. This makes them a bit cheaper compared to the nursing homes. But because they care for the person day and night, they charge a fair amount as their fee every month. The charges may depend on the type of house and the area you choose. The highest prices may go up to $75000 per year! Even if you have some insurance like the Medicaid or the Medicare, they will only pay a fixed amount that is nowhere near these rates, and you may end up paying a major part of this money!

About Dual Registered Homes

These homes are mainly designed for elderly people, mostly couples, who would like to keep together rather than stay apart in two different homes. The speciality of these homes is that they take couples with different medical requirements. Such homes have two sets of beds, one for the residential purpose and the other for the medical purpose. These homes are very difficult to run, owing to the double care required for their inmates, and this affect the fees of these institutions. Here the cost involved depends on whether you choose a partially or fully private medical care, and also on the couple's requirements.

About Dementia Care Homes

Dementia care homes are meant to care for people with mental impairment, rather than physical problems. This includes people with dementia, Alzheimer's etc. They are very expensive owing to the high care needed for each patient, and the rate is around $50000 per year in the US and 25000 pounds per year in the UK.

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