Looking for the best Nursing Homes in Old Tappan that offer the best services there is might be a hard task to do especially if you do not have a criteria to follow on how to look for one. There are already a lot of Retirement homes that offer quality services out there, but what you really need to find is a Retirement home that is just right for your needs. Using a Retirement homes Evaluation Checklist is a great way for you to find the best nursing homes suitable for you. The following are some of the most common criteria that you should use when choosing for the right nursing home.Lastly, you should look at the recreational activities being offered in the nursing homes. These should promote the health and wellness of the residents in the nursing home, and help develop friendship and camaraderie among residents.
What To Look For In A Nursing Home?
We generally do not think about long-term care until and when we experience it in our lives. Oftentimes it takes the form of a loved one (typically a parent) who becomes suddenly disabled and the family (typically the children) steps in to assist. That assistance soon begins to take more and more of our time, affecting our jobs, our own families, and ultimately our lives. When this happens we all become fast studies in the field of long term care and, unfortunately, when there is inadequate planning, it is often too late. We are transformed from loved ones into long term care providers. Out relationship, with respect to our disabled loved one, changes forever and the stress that results can easily strain a family to the breaking point. If anyone has ever had a parent become disabled you know what I am talking about.
A misconception is that long-term care is covered either by health insurance or by Medicare. Health insurance does not pay for long-term care and Medicare, Part A, will only cover the first 20 days of long-term care 100%, but only under certain very restrictive conditions. Beyond the first 20 days, Medicare requires you pay the first $133 (2009) of expenses per day and this limited coverage only lasts for 80 days. Then you are on your own.
The sad fact is that long-term care, when properly planned for, can be a manageable process that leaves the family relationships in tact and allows us to instead act in an oversight capacity, rather than in a hands-on custodial care capacity. Stress is significantly reduced, our jobs do not suffer, and our direct family unit stays in tact as well.
Long-term care refers to assistance needed by anyone for a chronic illness. A chronic illness is long-term illness that will not go away, such as Alzheimer's, Parkinson's, emphysema, arthritis, diabetes, heart disease, a stroke which affects physical activities permanently, and sudden accidents which leave you permanently disabled. Long-term care may require skilled medical care or non-skilled medical care (custodial care).
The best advise I can give you is to secure the services of a Certified Financial Planner, or an insurance agent who is certified by the Corporation for Long-Term Care. Either can craft a long-term care policy that is affordable and meets your needs. Remember, each year you put off planning for long-term care will cost you in higher premiums and exposes you to the risk of needing long-term care.
Are Nursing Homes Safe?
Paying for long term-care is not easy. Most people would not choose to live in a nursing home; however, sometimes it is unavoidable. The average monthly cost of nursing homes in our area exceeds $6,500. Assisted Living and home care are also very expensive. Here are some common misconceptions about long-term care:
1. Medicare will cover my nursing home bill - Not true. Medicare is a federal program that provides very limited coverage for certain short-term nursing home stays but no coverage for long-term care in a nursing home. Many people confuse Medicare with Medicaid, since the names are very similar; however, the programs are very different. Medicaid is a means-tested program, which has very strict income and asset requirements. Medicaid will pay for long-term care if you qualify. Medicare will not pay for long-term care. This may seem unfair, but it is the law.
4. I should transfer my home to my children to get it out of my name - Not true. The many problems to this approach include creating unnecessary gift and capital gains taxes and losing the legal right to live in your home.
Fortunately, there are better ways to transfer your home to your children that avoid these pitfalls. Other techniques, such as the execution of a revocable trust to hold your homestead property, or the execution of a deed with an enhanced life estate, are more sensible approaches.