Get the Best of Tennessee Long Term Care
Everybody in the country dreads the cost of care as it continues to increase at a rate that was unimaginable two decades ago. Tennessee long term care may seem affordable if it is discussed side by side other states in the northeastern region where the cost of care is represented in six figures.
However, if you look at the long term care (LTC) cost in Tennessee minus the frills you will realize that it can exhaust your lifetime savings in such a short period. Although the median annual rate for a private nursing home room in Tennessee is $65,882, residents of Chattanooga who have family members in nursing homes fork out a whopping $76,628 every year.
Meanwhile, the median annual rate for an assisted living facility is significantly lower at $36,960 but it’s closer to a home health aide’s annual rate which is $38,896. Still, Tennesseans are advised to canvass LTC rates in their place rather than depend on median state rates so that they can plan their future health care accurately.
Anyone who has a definite LTC plan already ought to know that he is lucky to be a resident of Tennessee since nursing homes, community-based LTC facilities and home health care providers here are constantly monitored by the Tennessee Health Care Association (THCA) to ensure that the elderly and disabled people are receiving the highest standard of care.
Apart from bearing impressive architectural designs, nursing homes and assisted living facilities in Tennessee only employ licensed caregivers and nurses to ensure that their residents are well taken care of.
Patients are not only provided with basic custodial and medical care in these institutional and community-based LTC facilities, as various social and creative activities are prepared to promote wellbeing, independence and a healthy mind.
Planning for Tennessee Long Term Care
To be able to enjoy life after retirement, Tennesseans have to plan their future health care needs in advance.
Since Tennessee boasts top of the line nursing homes, assisted living facilities and home health care agencies, people here shall be spared from the trouble of searching for a qualified LTC setting.
Perhaps they can just focus on the cost of care in their area as this will, after all, determine their future expenses. Once you have determined the maximum LTC rates in your place you can discuss these with a licensed long term care insurance (LTCI) agent who is affiliated with major providers of LTCI policies for he can gather LTCI quotes that will conform to your health care requirements and budget.
Now LTCI is not your only option as you can pick reverse mortgage or annuities but if you’re looking for a plan that will allow you to receive care in multiple settings, you can only acquire it via a comprehensive LTCI policy.
Meanwhile, if the reopening of the TennCare Standard Spend Down program has excited you a bit better make it your last resort. While it seems to be advantageous you have to remember that it is Medicaid-funded so you cannot expect it to provide everything that you’ll possibly need in the future.
To get the best of Tennessee long term care you have to plan wisely and weigh all products that are offered to you meticulously.
Plan for your future ahead of time through long term care insurance. We can give you all the information you need as well as long term care insurance quotes in Tennessee and in other states.
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