Anyone who is a senior citizen or aging toward it, or has a family member aging, needs to be aware of the insidious elder care cost system that can and will deplete the entire life savings of the elderly and their families.
The elder care system in America is unmercifully enriching itself on the misfortune of the sick. It will usurp every last penny a person has ever had, all they’ve worked for their entire life, including their home and possessions. And when that’s devoured, it will turn to further gluttony at the trough of the American taxpayer. It’s bankrupting families and government.
While websites depict smiling satisfied seniors, like the above photo, nursing home costs, as a start, are roughly $235 per day or $7000 per month. How fast can that amount bankrupt an elderly sick person? How long would it take to bankrupt any family? For $7000 per month, you could own a mansion, live in luxury, and for that matter, have a butler and eat the finest food. At the nursing home, you get a single bed and slop for food most of the residents detest and refuse to eat. Cable TV or phone not included
Medicare only covers 20 days of a nursing home stay, and after 100 days, co-pay is over. Once the private funds run out, and insurances only cover so much, the only way a person can pay for such a facility is through government funded Medicaid. And for that, the applicant must be certifiably broke. Then the state does its level best to delay and deny benefits, because it’s broke too.
For elders who need extra care, but do not need a nursing home, there’s the assisted living option.
Assisted living facilities generally start at $3000 per month for a room. It is private pay, not covered by Medicare or Medicaid. The fee will cover meals, perhaps laundry, and daily housekeeping, but any other “enhanced” personal care services are a-la-carte, extra, available from an independent home health care agency on site.
All these extras are added on top of the per month price. Whether “well visits,” stopping by several times daily to check in, or assisting a client to bed & getting up, or medication dispensing, toileting and continence care, bathing or dressing assistance – each task costs and adds up as performed.
The per diem fees even if at the minimum will add up, and likely reach $1000+ per month, only $33 a day. If you got the minimum amount package, one bedroom at $3000, you are now up to $4000 per month. But when all is said and done, rest assured, your out-of-pocket will be at minimum $3000 per month, anywhere. Good luck finding anything for less.
Many players are in collusion to cash in on the misfortune of the elderly. And they’re all the same price. Example — if all the gas stations in the area sell at $3.50 per gallon, there’s no place you can really go for less … you’re stuck at that price wherever. Same thing in this realm, except it’s all at $7000 per month for a nursing home or $4000 for assisted living.
It’s pay to play — whether hospitals, nursing homes, assisted living, hospices, home health care services, visiting nurses, medical specialists, or medications — all can cost tens of thousands of dollars, each. Many seniors need each of these throughout a prolonged health crisis. Then come the attorneys, financial planners, plus the funeral home, each of whom might help you out of thousands of dollars more for estate planning, wills, power of attorney, and the funeral, casket, and burial plot.
You don’t hear about this in the news, just about “Obamacare.” But now be aware, elder care is a racket, a high-priced collusion and extortion any mobster could be proud of.
The national debt isn’t the only generational theft. Do whatever you can to protect your family. Meantime, if ever there was need for health “reform,” this sobering issue is it.