2moryrs
Member
I thought perhaps some could learn from my experience with having my Father in a nursing home.
Dad was a fragile diabetic with a rod in his leg he broke, a heart valve replacement, and other assorted issues. By the time I got him out of California and into Oregon, he was pretty much wheelchair bound. My town has very few resources for people with diabetes, and being unable to transfer himself from the chair to bed, etc., nursing home care was his only option.
Because he and my mother had been good stewards of what they had received financially, he was on self pay. No one to pay for 100% of his nursing home. Medicare and his insurance did manage to pay for his medicines. He even had to pay for his wheelchair rental.
His daily rate at the nursing home was $238.00 per day, plus $150.00 per month wheelchair rental.
First priority: Stay healthy! Keep moving! Exercise your body and mind!
Second priority: Find the best Long-Term Care Insurance you can as early as you can.
Third priority: Save until it hurts, because if you need long term care, you will never have enough.
If you did not do the math above, $238 x 31 days = $7,378 + $150 = $7,528.
And as an aside, seriously think about having a revocable trust done by an attorney knowledgeable on trusts. My parents had one set up and it made my life so simple at a difficult time. The cost is high because, if done right, you don't have to involve the attorney again unless there needs to be a major change.
Hope this helps others.
Dad was a fragile diabetic with a rod in his leg he broke, a heart valve replacement, and other assorted issues. By the time I got him out of California and into Oregon, he was pretty much wheelchair bound. My town has very few resources for people with diabetes, and being unable to transfer himself from the chair to bed, etc., nursing home care was his only option.
Because he and my mother had been good stewards of what they had received financially, he was on self pay. No one to pay for 100% of his nursing home. Medicare and his insurance did manage to pay for his medicines. He even had to pay for his wheelchair rental.
His daily rate at the nursing home was $238.00 per day, plus $150.00 per month wheelchair rental.
First priority: Stay healthy! Keep moving! Exercise your body and mind!
Second priority: Find the best Long-Term Care Insurance you can as early as you can.
Third priority: Save until it hurts, because if you need long term care, you will never have enough.
If you did not do the math above, $238 x 31 days = $7,378 + $150 = $7,528.
And as an aside, seriously think about having a revocable trust done by an attorney knowledgeable on trusts. My parents had one set up and it made my life so simple at a difficult time. The cost is high because, if done right, you don't have to involve the attorney again unless there needs to be a major change.
Hope this helps others.
