Tag Archive 'Florida assisted living'

Oct 14 2009

Will You Need Insurance for Long-Term Care?

The following is a guest post by Christopher Williams, branch manager for Senior Solutions in Sarasota, Florida. Senior Solutions is an organization under the Pennsylvania Life umbrella that is devoted specifically for seniors age 55+. Mr. Williams specializes in long-term care insurance and estate conservation for seniors in Florida. He can be reached at  (941) 587 – 8993.
 

 

chris williams

Christopher Williams, Senior Solutions

The words “long term care” usually bring to mind images of nursing homes and elderly people living in them who can no longer care for themselves. In truth, long-term care (LTC) comes in many different forms, is provided in many different settings, and can refer to people of all ages.

In 2008, the average annual cost of a stay in a private room in a nursing home was more than $76,000. A stay in an assisted living facility was $35,628. Yet the majority of long-term care services aren’t paid for at all. They are provided by 52 million unpaid caregivers – primarily family members and friends of those needing the care.

According to the Alliance for Health Reform, two-thirds of Americans age 65 will need some type of long term care in their lifetimes. For those who do not have family members to provide it, or those who do not want to be a burden financially (or emotionally) on their relatives, the out-of-pocket cost can be substantial. These costs vary widely from region to region, ranging from $25 per day to $500 per day, with the highest rates in the Northeast, Texas, and Florida. The average cost of a nursing home here in Florida is near $140 per day.  With the average stay in a LTC facility being two and a half years, that adds up to $127,700.

The question that needs to be addressed is whether someone has enough income or assets to handle these costs over time.  Typically, a senior’s income will not cover the costs, but their savings may be enough to handle the expenses. Unfortunately, however, there is no way for anyone to estimate the total of their future LTC expenses.

In making these decisions, one should consider all of the options. Many elderly people who do not have the assets to sustain the high costs of LTC may eventually qualify for Medicaid assistance. In order to qualify, though, they will have to spend down their own assets first before Medicaid steps in. Medicaid accounts for 49% of the total spending towards LTC in America. Another option is to purchase a Long Term Care insurance policy. These policies can be expensive, with costs varying greatly depending on the age and medical history of the insured. But the cost of these polices pale in comparison to the out-of-pocket potential of using one’s own assets. Before making any decision, it is a good idea to sit with a state licensed insurance agent to estimate the cost of a policy. This may be the agent who sold you your life or auto policy, or you may need to find a specialist. Either way, be sure the person fully understands your needs and is active enough to be selling at least a dozen policies a year.

In 1987, the Robert Wood Johnson Foundation initiated the Program to Promote Long-Term Care Insurance for the Elderly. This program is available in eighteen states, including Florida. The program involves a partnership between Medicaid and private LTC insurance.  It allows nursing home patients with state-approved long-term care insurance policies to be eligible for Medicaid with substantially higher levels of assets than are normally allowed. This would permit them to receive nursing care but still have enough to live on and to bequeath to their children.

Whatever decision you make, you may want to make it sooner rather than waiting. The cost of an insurance policy is partly based on age, but you will also want to make arrangements with friends or family members should you choose to “self-insure” or to receive care from a relative. It’s never easy to discuss or think about, but definitely needs to be addressed before it’s too late.

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Oct 09 2009

Unique and Affordable Senior Living in Sebring, Florida

Most of Florida’s senior living facilities are concentrated around the state’s largest cities: Miami, Orlando, Tampa and Jacksonville. The Palms of Sebring is an exception – thriving for the past 50 years in the tiny town of Sebring, Florida. Located about 90 miles due south of Orlando, far from any interstate, Sebring is a small town in the middle of the state. And location is not the only thing that makes The Palms unique.

Towe apartments at The Palms at Sebring

Tower apartments at The Palms at Sebring

The Palms of Sebring is Highlands County’s only retirement community offering three levels of living – independent living, assisted living and a nursing home. This senior living facility has approximately 70 units each in independent and assisted living, and 120 beds in the nursing home.

While many Florida continuing care retirement communities such as this require a large, up-front community fee, The Palms of Sebring only charges new residents a one-time fee of $750. After that, independent living residents choose whether to live in the full-service Tower apartments, where monthly rent starts at $1689 and includes utilities, all meals, housekeeping, and transportation; or the Poinsettia apartments, where monthly rents starts at just $901 and does not include meals or housekeeping. Recreational activities and wellness programs are included for residents in both buildings. Another unique feature of The Palms is that they do allow residents to have pets – cats and dogs in the Poinsettia Apartments and cats only in the Tower Apartments.

In addition, the dining room is open continually from 7am – 6pm. “So if you want a steak dinner at two in the afternoon, you can have it,” explains marketing director Janice Roberts. “Our executive chef is wonderful.”

Roberts also told me The Palms has a home health agency that provides services to residents in their Palms apartments, and also to individuals who do not live on property.

To learn about this Florida senior living facility, visit The Palms at Sebring. To search for other senior living facilities around Florida, visit Florida Senior Living Advisor.

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Sep 30 2009

Felons Working In Florida Nursing Homes? Newspaper Investigation Finds Yes

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Sep 25 2009

The Veranda of Pensacola Offers Range of Care

Today’s “Friday’s Featured Facility” is The Veranda of Pensacola, a Florida continuing care retirement community. This means that The Veranda offers both independent living and assisted living options, which allows elderly residents to “age in place” – ie – transition from independent to assisted living as their needs increase.

According to their website, the apartments at The Veranda retirement community are spacious, modern and well-equipped one and two bedroom units with fully equipped kitchens.  Utilities and expanded cable TV are included. The amenities at The Veranda include common areas inside and out, an indoor heated pool, fitness center, and a own stadium seating movie theatre.

The Veranda provides housekeeping, linen and laundry service, scheduled transportation for independent residents and coordination of transportation for assisted living residents, a personal emergency response system and maintenance inside and out. The Veranda also has 24-hour camera surveillance.

The dining service provides a healthy breakfast, lunch (main meal of the day) and light meal in the evening. When it is time for community outings, shopping and personal appointments, the professional staff at The Veranda retirement community will schedule the necessary transportation.

The Veranda is just one of many Florida continuing care retirement communities. To see a complete list, searchable by region, visit Florida Senior Living Advisor. The database also includes assisted living facilities, nursing homes, adult day care centers, independent living communities, hospice and skilled nursing units.

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