Paying for nursing care for yourself or a loved one can be confusing. In this article, we’ll help you understand approximately how much skilled nursing care costs at Otterbein, how Medicare and Medicaid come into play, and more.
How Much Does Skilled Nursing Care Cost at Otterbein?
For 2020, the average monthly cost of long-term care is $10,784 (via private pay) at Otterbein. This cost is a general view of what you could expect to pay and could be higher or lower depending on your specific situation, including if you have coverage from other sources.
Here’s a breakdown of what the cost covers at all of our skilled nursing locations throughout Ohio and in Indiana.
- Licensed nurse and nursing assistants on duty 24 hours a day
- Call system for 24/7 peace of mind
- Medication administration
- Therapeutic and recreational programming
- Three balanced meals daily
- A licensed social worker
- Laundry (except dry cleaning) and linens
- Cable television and all utilities (except phone)
Each nurse at our skilled nursing locations is a member of an interdisciplinary team making sure every resident’s unique plan of care is followed. The nursing team promotes a living environment where individuals are encouraged to meet their fullest physical, mental, social, and spiritual potential.
On-site therapists are also here to help with customized treatment programs. Costs for specific types of therapy would be additional depending on your needs.
How Do Medicare or Medicaid Work?
Otterbein is certified for both Medicare and Medicaid. But these two types of payment programs help cover different things.
Medicare can cover short-term rehabilitation and therapy stays following a surgery or illness. It doesn’t cover assisted living or long-term care, so it won’t apply if you’re looking for assistance with long-term skilled nursing.
Medicaid is meant specifically to help cover the costs of long-term care when funds are nearly depleted. Every state has different guidelines for Medicaid eligibility. You can check your eligibility or apply for coverage here (for Ohio residents) and here (for Indiana residents).
If you still have questions about paying with Medicare or Medicaid, contact any Otterbein SeniorLife skilled nursing location and a counselor can help walk you through the process.
If you or your spouse served in the U.S. military, you may be eligible for benefits that could help pay for the cost of long-term care. Even if you have never applied for benefits before, if you qualify, you will be eligible.
You can learn more about veterans benefits here.
Can I Use Long-Term Care Insurance?
Long-term care insurance can be used to pay for skilled nursing at Otterbein. However, it isn’t a quick solution for payment because traditional types of this insurance can be very pricey unless purchased early on.
When you use long-term care insurance, eligibility and rules will vary widely. There are even “hybrid” types of long-term care insurance that bridge the gap between whole life insurance and traditional policies.
If you have questions about this type of insurance, it’s best to consult with your financial planner or insurance agent to see which option could work for you.
How Can I Learn More About Skilled Nursing at Otterbein?
Otterbein offers skilled nursing care at 15 locations across Ohio and in Central Indiana. Find a location near you and contact us today with any questions.
Our skilled SeniorLife Counselors can help you navigate costs, give you a clear picture of what you’ll pay, and address any concerns you may have.