Expensive Nursing Home Care in New Jersey
Survey shows that New Jersey long term care costs continue to rise especially in nursing homes and assisted living facilities which have actually exceeded the inflation.
New Jersey’s residents who are currently receiving care in private nursing home rooms pay out an average daily rate of $307, but those who are living in Northern New Jersey fork out $337 daily.
Many New Jerseyans feel the state’s nursing homes are overrated because they come with a very expensive price tag but the actual care that these institutions offer is below par. Most of them are not happy with the quality of care that their loved ones are receiving from these nursing homes.
Though there really have been reports of New Jersey nursing homes not performing to the state’s standards, it would be unfair to ignore the topnotch care which other nursing homes deliver. In Atlantic City, for instance, people will find more options as this area is teeming with well maintained nursing homes that offer a homey ambiance. What’s more, the average daily rate of nursing homes in this area is $260, which is relatively lower than the state’s median daily rate.
Now don’t base your judgment on the exterior aspects of a nursing home though because the services that it provides should matter more. If it’s going to be the second home of your parents or your spouse it pays to conduct a rigorous research on what it has to offer or better yet, check outs its ratings with HealthGrades, a private organization which issues ratings on nursing homes, hospitals, home health care agencies, and other health care providers around the country.
Preparing for New Jersey Long Term Care Costs
Nursing homes with high ratings from HealthGrades is worth checking out. Perhaps you can come up with a list of 10 potential nursing homes then interview the management of each. Once you have arrived at a nursing home that boasts impressive facilities, meals, custodial care, medical staff, recreations, and other services consider it worthy of every penny that you would pay out.
Unfortunately, it’s just impossible to be able to afford nursing home care if you’ll be relying on your resources considering the fact that New Jersey nursing homes cost a fortune. You have to get a good long term care (LTC) plan to finance your nursing home stay or that of your loved one.
You might want to start looking into different types of long term care insurance (LTCI) policies or perhaps study reverse mortgages. There are actually many options that have been laid out for you and many others who want to plan their future health care intelligently.
If, however, you’ve had a change of heart after reading this article and would rather opt for another LTC setting, feel free to look around.
Some elderly folks who went for an assisted living facility are paying on average $4,938 every month. Unlike nursing homes, assisted living facilities do not exactly provide 24-hour care and monitoring but residents get to enjoy free meals, assistance with their activities of daily living (ADL), and an array of activities that promote their wellbeing and independence.
New Jersey long term care costs will continue to rise and there is no way anyone can afford it using his nest egg even if it’s half a million dollars. It will cost you less to plan for your future health care needs rather than to face it head-on.
Residents of New Jersey can now enjoy long term care services without extinguishing their savings through long term care insurance. Find out the long term care insurance quotes in your area and apply now!
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