As such, the costs associated with skilled nursing and higher standards of care are generally more expensive. However, it’s essential to understand the various payment options and financial assistance programs available to make this care more affordable.

Expense factors can vary by community, amenities, healthcare expenses, and utilities. The national average of these expenses is about $9,000 monthly. These costs cover room and board, nursing care, medication management, and other services provided by the community.

While these figures may seem daunting, it’s important to consider the comprehensive care and around-the-clock assistance provided in skilled nursing communities. Additionally, the costs can vary significantly depending on the location, amenities, and the specific level of care required. Please consider that not all skilled nursing communities are the same. While some tend to take a more traditional approach, we strive to make our communities feel like home for residents.

Payment Options

There are several payment options available to help cover the costs of skilled nursing care:

Insurance

Insurance plans are another resource when looking to finance skilled nursing care. Long-term care insurance policies can help cover the costs of skilled nursing care, provided the policyholder meets the eligibility requirements and the insurance company approves the facility. In some cases, individuals can use the cash value of their life insurance policies or convert them into long-term care benefit plans to help pay for skilled nursing care.

Medicaid

Medicaid can cover a portion of skilled nursing care costs for a limited period, typically up to 100 days, following a qualifying hospital stay. This federally funded assistance may help families in need of short-term skilled nursing. However, it does not cover long-term skilled nursing care. In Colorado, seniors may qualify for assistance in paying for long-term care and skilled nursing services. Eligibility is determined by federal minimums and maximums; it is important to note that the process for applying for Medicaid and receiving coverage, if applicable, can take time.

Financial Assistance Programs

There are various financial assistance programs available to help make skilled nursing care more affordable. Researching options available through state programs and non-profits may help cover the costs of skilled nursing care. Colorado does offer assistance programs specifically designed to help individuals and families pay for long-term care services, including skilled nursing care. Programs such as Health First Colorado offer waiver services to help seniors receive the care they need.

By exploring all available options and seeking guidance from trusted financial advisors, social workers, or other professionals you can determine the best way to afford skilled nursing care based on your family’s circumstances.

Community Support

At Green House Homes we strive to provide residents with an at-home experience through our state-of-the-art home-style buildings designed with connection and relationships, dignity, and overall well-being at the center of our comprehensive care. Our admissions team will happily help with financial planning and understanding your options. For more information, please contact the Admissions Office at 970-342-2400.