Helping people pursue, manage, and conserve personal wealth  

ARTICLES | Making the Nursing Home Decision
Back to Articles Overview


How to Make the Nursing Home Decision

Relocating a loved one to a nursing home or elder care facility can be a difficult and nerve-racking process. Keep these ideas in mind if you are looking for a facility where you can put your loved ones in good hands.

Ask Medicare. The government regularly releases ratings data on all 17,000 nursing homes in the country. This information can be accessed by visiting http://www.medicare.gov and clicking on "Nursing Home Compare," or by calling 1-800-MEDICARE.

Ask around. Consult your or your loved one's doctor. Talk to friends or an elder care organization in your area. Find out what other people think of the facilities you're considering.

Tour each facility. Try to arrive a little early so that you can have some time to develop your own impression. Pay attention to how the staff interacts with the residents. Is the atmosphere friendly, relaxed, and inviting? Does the facility meet your requirements for quality of life and care, location, staffing, and security? Determine whether the facility is properly licensed, certified, and accredited, and make sure that its policies are clearly stated.

Be sure about insurance. You should also ensure that your loved one's insurance will cover the costs of residency. Consider the degree to which the costs of elder care are expected to increase as the baby boomers pass retirement age.

Explore your options. If the facility you choose does not currently have an available bed, don't settle for a less pleasing alternative. Perhaps you can arrange for temporary home care or a stay at a short-term facility until something opens up.

Home | Services | Market Commentary | Contact Us | Philosophy | About Us | Account Access | Articles | Financial Calculators | Retirement Plans
This communication is strictly intended for individuals residing in the states of
AK,AZ,CA,CT,FL,GA,MA,ME,MN,NC,NH,NJ,NY,OH,OR,PA,RI,VA,VT,WA.
No offers may be made or accepted from any resident outside these states due to various state regulations and registration requirements regarding investment products and services.

Securities offered through Commonwealth Financial Network®.
Member FINRA, SIPC
Financial planning provided by Financial Management Accociates in Massachusetts and other states
Privacy Policy
© Copyright 2004 - 2012