Boy, you wouldn’t want to be in a nursing home in a Medicaid Bed because you’re not going to get the same quality of care as somebody who is there paying for that care privately. This is simply not a true statement for a number of reasons. The term Medicaid Bed is a financial term […]
Why the Medicare Five-Star Ratings for Nursing Homes May Not be as Meaningful as You May Think
The Medicare Five-Star Ratings system lends itself to the underlying assumption that one set of criteria can determine what’s best for everyone. This is simply not true. Each person entering a nursing home has different needs and wants, and therefore the priorities of what’s important are different for each individual. While some may need a […]
Medical vs. Custodial Care: What’s the difference and why it matters
When looking at medical vs. custodial care, there are some differences that are important to discuss regarding the implications of the distinctions between the two. The biggest implication is that Medicare pays for medical care, but does not pay for custodial care. This matters a lot for people who find themselves needing custodial care in a […]
How to Evaluate a Geriatric Care Facility
When evaluating a geriatric care facility for placement for either yourself or your loved one, it’s important to develop a set of criteria that is essential to you. Everyone has different reasons for choosing a facility, as well as different needs and wants, and the idea that one care facility is going to be the […]
Retirement Income vs. Long-Term Care Costs: A History Lesson
“Okay, here’s my retirement income and here’s how much it would cost to go into a nursing home.” It is easy to underestimate the need to plan when you are younger for long-term care costs when you are older. Many people look at their retirement income in relation to long-term care costs when they retire […]
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