A nursing home, also known as the old people’s home , elderly home, rest home , home or residential care center , is an institution where elderly people temporarily or permanently live because they need care or nursing that can not be provided in the original living situation.
In the US there are three main types of care facilities (NFs).
An intermediate care facility(ICF) is a care institution for disabled people, the elderly or non-acute patients who provide less intensive care than offered at a hospital or nursing home. Normally, the ICF is paid privately by the individual or by the individual’s family. The private health insurance for a person and / or a third party as a hospice company can cover the costs. Board and Care Homes are special facilities designed to provide those who need help living in both living areas and with appropriate care. These facilities, often called residential centers, can be placed in a small living environment or a large modern facility. In fact, a large majority of pension and nursing homes are designed to accommodate less than 6 people. Nursing homes and nursing homes are usually manned by recognized professionals, including nurses, doctors and other doctors. These facilities are highly regulated to ensure that residents get the best possible care. Administration and nursing homes offer residents assistance 24 hours a day, making them a very popular choice for people who need regular help.
Home care homes or homes (ALFs) are living facilities for the disabled. These facilities provide guidance or assistance to activities in daily life (ADLs); ALFs are an alternative to elderly care for people living in an elderly home for whom independent living does not fit but who do not need 24-hour medical care. Assisted living is a philosophy of care and services that promotes independence and dignity.
A skilled nursing facility (SNF) is a nursing home that is certified to participate in and reimbursed by Medicare. Medicare is the federal program for older people (65+) who have contributed to social security and Medicare during their employment. Medicaid is the federal health care and related services program. Every state of poverty and qualifying Medicaid. Those who qualify for Medicaid may be low-income parents, children, including state children’s health insurance programs (SCHIP) and wellness and food programs for mothers and children seniors and disabled people.
How Do You Know It Is Time To Look For A Nursing Home?
While many of us have heard of Long Term Care Insurance, we still may be wondering if we really do need it. We work all of our lives trying to build financial stability, which we hope will carry us into and through our retirement years.
Once we retire, we look forward to many years of comfort and relaxation. Unfortunately, life does not always work out as we planned. More often than not, some type of illness strikes and we are facing the possibility of not only being cared for, and, in many cases, the probability of losing everything we have ever worked for. There is a way to be prepared, and that is by making sure we have a program in place, which will absorb the financial burden, and give us peace of mind, while knowing that we can be cared for in a manner that we choose. And, in most cases today, we can be cared for right where we feel the most comfortable, in the privacy of our own home.
Of course, we all want to think that we never will need this magnitude of health care, but, unfortunately the reality of our needing the care outweighs our not needing the care. We need to ask ourselves this question. Am I willing to gamble my life savings and my quality of life, or do I want to have the peace of mind that a long term care plan can give to me?
Most of us have taken steps to protect our financial future. Remember that a sound financial plan should also address the possible need of long term care.