Wednesday, November 1, 2017

High Nursing Home Costs

Since 2011 there has been a steady rise in the cost of nursing home care of nearly 19%. Many experts agree this trend isn’t going to change due to the increased demand of nursing care and the rising cost of medical care. In fact, the current national average is $8,500 a month. The average American family simply cannot cover this tremendous cost
Call today to learn how to cut down nursing home costs

However, there is applying for Medicaid as an option. Medicaid is a federal and state funded program that has helped the middle and working class pay for nursing home and assisted living costs. Many families have found that applying for Medicaid takes a huge load off their shoulders—they can now send their loved one to any number of Medicaid certified nursing homes or assisted living facilites without worrying about the costs.

As great of a solution this is, it does not come easily. Applying for Medicaid alone can be confusing as the language is a little tricky and errors can lead to disqualification.

Still, there is another solution. At Federal National Funding we have been helping families cut down on nursing home costs by assisting them with Medicaid applications and planning. We help simplify the process for you by handling the paperwork.  Plus, if your loved one happens to be a veteran, we know of other government programs that can assist with nursing home costs and assisted living.

Our initial consultation is free, so if you’d like to learn more please call us today at 201-342-3300. A representative will be happy to speak to you. 

To learn more about us at Federal National Funding, feel free to visit our website here.

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