How can I afford a nursing home?

| Mar 20, 2017 | Medicare Planning

As a resident of Colorado with aging relatives to care for, you may eventually comes to the decision that it’s time for them to get fuller and more comprehensive care at an assisted living facility or a nursing home. We at Vincent, Romeo & Rodriguez, LLC., will help you manage your options in an affordable way.

The cost of a nursing home or assisted care facility may be your first concern. After all, these facilities get more and more expensive depending on what sort of care your loved one needs. In addition, the pricier ones tend to have more options available both in regard to the care itself, and in regard to smaller things as well. This can include menus, activities, and more. You may be wondering how you can afford a nice home when many places cost more than an average apartment’s rental.

Fortunately, benefits from VA or Medicaid can be used to help cover these costs. Oftentimes, you don’t even need to worry about dipping into the financial assets of the family in order to help pay for a nice home. Maximizing the potential benefits that your loved one may have will usually be the surest way to avoid having to settle for a sub-par establishment, or driving yourself or your loved one into debt simply to keep up with the costs of living.

If you want to read more about how to pay for a nursing home without breaking the bank, you can click the link and visit our website. We’ll walk you through your potential payment options so you can decide what might work best for you.