The Price of Poker

It is indeed a most difficult decision to come to the conclusion that a family can no longer care for a loved one and that person has to be placed in a long-term care facility. And then there is this question: What is it going to cost? Here is a pricing sheet from a facility here in the Wichita area.

            Daily Room Rate

            Semi-private room   $221.00 per day
            Private room              $246.00 per day

A resident in a private room who receives Medicaid assistance will owe the difference between the private room rate and the semi-private room rate

            Plus consideration for Level of Care

            Level   I – Light Care                       $  6.00 per day
            Level  II – Moderate Care               $  9.00 per day
            Level III – Heavy Care                    $16.00 per day
            Level IV – Maximum Care             $23.00 per day

The following rates will continue to be in effect on August 1, 2019:

            Nebulizer treatments                       $55.00 per month
            Oxygen concentrator rental             $250.00 per month
            E-tanks – 2 per month included in concentrator rental
            Additional E-tanks                           $20.00 each

Transportation

            50 mile round trip                            $75.00 round trip                                                                                    Each additional Mile                       .555 per mile                                                                                    Additional person for care              $30.00 per hour

Family member/DPOA are asked to meet residents at their appointments.

The average age of a person entering a nursing home is 83 years. And the average length of stay is approximately 3 years. I will let you run the numbers.

But does it have to happen? The answer is no. You can plan in advance to protect your assets and reduce the cost of having to pay for such long-term care. But don’t wait to start your planning on the first day your loved one enters the nursing home. It may be too late.

If you would like to receive a free copy of our nursing home checklist brochure then call us at 316-777-1186 and we will send it to you. And please visit our website for we have several newsletters dealing with long-term care.

Thanks,

Mike

“Age is an issue of mind over matter. If you don’t mind, it doesn’t matter.”

-Mark Twain


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