Long Term Health Care Plan (Part7)
Another option for people with care needs is continuing care retirement communities, but this is a very expensive option and only those who have above average incomes and a significant assets to cover expenses. These continuing care retirement communities offer seniors a place to live with a variety of in-house long-term healthcare services, and they offer the elderly recreational and social events and services, sports facilities, clubs for those with special interests, vacation and outing opportunities. Besides these services, they offer an array of home care services, nursing services, as well as access to grooming specialists and private doctors.
Fees for these residents range in price from approximately 0,000.00 to one million dollars, and these units also have care and maintain fees in the range of 2,000 to 5,000 monthly, which the majority of seniors cannot afford, which is why these communities are generally consider only for the exceptionally wealthy.
New York State’s Continuing Care Retirement Communities offer three different contract packages:
Plan A – This plan or contract provides for a senior’s housing, residential services, amenities and unlimited health-related services, which include all long-term care services. If during residency in the continuing care facility the seniors health deteriorates and they must be admitted to a nursing home, all of their nursing home needs are covered without increases to their monthly fees, except to cover normal inflation adjustments and operating costs.
Plan B - This plan is not the same than Plan A, even if it states that it also covers housing, residential services and many amenities, it has a limited amount of coverage for nursing and care services before the senior must pay the fees from their own pockets. Once the number of days has been reached in a nursing home, the patient would be expected to pay.
Plan C – In this plan all housing, residential services, and amenities are covered under the plan, but all nursing home, home care, or other nursing or medical services are covered by the senior themselves on a per service basis. Although they pay lower fees upon entering into this type of facility, they accept greater risks when it comes to paying for their health care needs.
If you would like additional information about Continuing Care Retirement Communities in the greater New York State, please visit:
Posted in Healthcare Professionals, Healthcare Services