| The average cost of nursing homes varies to such an | | | | assume that you will be paying the majority of these |
| extreme that it is necessary to break the issue down | | | | costs yourself. |
| into subsections. There are nursing homes, residential | | | | Dual Registered Homes |
| homes, dual registered homes and specialist Dementia | | | | Dual registered homes are designed for elderly |
| care homes. The four different types cater for | | | | couples who want to stay together, but have different |
| different needs and consequently will have different | | | | levels of medical needs. These establishments will |
| average costs. | | | | often have a set number of beds which are marked |
| Nursing Homes | | | | as 'residential' and a set number for 'nursing'. These are |
| Nursing homes will have facilities for personal care, but | | | | more complex to run, and must provide two levels of |
| with an added dimension of medical care too. These | | | | care, which does impact on price. However, it is difficult |
| homes will have their own qualified nurses, which | | | | to get an 'average' for these kinds of establishments, |
| obviously pushes the price up. Studies have been | | | | as the costs will vary depending on the needs of the |
| conducted to suggest what the average costs are for | | | | couple in question. Again, the costs will also vary |
| nursing homes. For a standard nursing home privately it | | | | depending on whether you are in private or partially |
| would cost around $36,000 dollars annually. For partially | | | | private care. |
| private, it would be a little less, but still significantly | | | | Dementia Care Homes |
| pricey. There are nursing homes available which are at | | | | The final type of nursing home I will cover is the |
| least partially state funded, but they are available only | | | | dementia specific care home. These homes specialize |
| to those who truly cannot afford to pay for their own | | | | in the care of people who have mental rather than |
| assisted living costs. | | | | physical impairment. This can include dementia, |
| Residential Homes | | | | Alzheimer's and a variety of other mental conditions. |
| Residential homes are a type of nursing home where | | | | These establishments are quite expensive to run due |
| personal care is provided, but without the need for | | | | to the level of care needed to ensure that the patients |
| expensive medical treatments. In these homes the | | | | are monitored at all times. Due to the nature of these |
| costs are slightly less, but as they provide round the | | | | conditions, it is more likely that you can get state help. |
| clock care, they are still expensive. Dependent on the | | | | They should be able to perform an assessment on |
| area you live and the type of home you choose, the | | | | your relative to see if you are entitled to help in the |
| costs can be up to $75,000 per year. This is a | | | | costs of their care. The average costs of this care |
| significant impact on even well established retirement | | | | vary, but in the UK the average is around |
| funds. Medicare or Medicaid will only be able to offer | | | | £25,000. In the US the figures are similar at |
| you so much assistance, and you must therefore | | | | around $50,000. |