Is Ohio Short of Long Term Care Facilities?
Ohio’s population approaching retirement is growing fast that it has seemingly surpassed the number of operational long term care facilities in the state. Nursing homes, assisted living facilities, and other LTC settings are working double time in bringing in new staff and equipment to ensure that new clients can be properly accommodated. This, however, would mean higher Ohio long term care costs.
Long term care costs are dependent on the population that requires care. So, it is important to study the cost of care in your area or neighborhood rather than the median cost of care in your state of residence. This way, you can accurately estimate how much you’ll need to be able to cover your LTC expenses.
For example, the median annual rate of a private room in an Ohio nursing home is $76,650 but residents in Cincinnati City are paying 20% more for this type of facility as the cost of care in their area is much higher. Even in-home care in Cincinnati costs more than the national average. Nationally it is $18 per hour while in Cincinnati you will be charged an hourly rate of $20.
Now if you are living in Mansfield you’ll be glad to know that the cost of care here is much lower than the national average. You’ll find here a one-bedroom assisted living facility that charges a monthly rate of $3,030, which is 8% lower than the median monthly rate for this kind of LTC facility.
Know Your Needs Before Ohio Long Term Care Costs
It’s pointless to memorize the rates of all LTC facilities in your area if you don’t know what you need yet health care-wise. Before canvassing, see your doctor to find out what you are up against.
Keep in mind that knowing the present state of your health and your family’s health history will enable you to plan your future health care needs more effectively. If you’re just going to guess what could befall you someday you might end up investing your money in the wrong LTC plan. Being able to recognize your health care needs will prevent superfluous expenses.
Most importantly, planning your LTC intelligently will pave the way for quality care which is actually the most important thing that should be on your mind. LTC is no longer just about nursing home care because you can choose from a wide range of settings.
If you would contact the Ohio Department of Aging you will be able to gather a list of options. In-home care and community-based LTC facilities are being encouraged by the Department as these LTC settings cost less and promote the independence of care recipients.
Nursing homes are only recommended to those who are critically in need of medical care or assistance. If you’re still not sure which LTC facility is going to be suitable for your future health care needs, take the pre-admission review at the Department of Aging as this procedure will inform and educate you of your LTC choices.
By choosing the right LTC setting you will be able to receive topnotch care without wiping out your assets to high Ohio long term care costs.
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