If there is such a thing called haven for seniors that would be Florida because the percentage of elderly people in this state is growing faster than anywhere else. This is actually the reason behind the ceaseless growth of Florida long term care costs.
Research has shown that the total senior population of Florida from ages 65 and over is 17.3% of the state’s total population. This percentage exceeds the national average which is currently 13%. According to LTC specialists, majority of the senior citizens in Florida are receiving nursing home care due to chronic diseases such as Alzheimer’s, renal problems, heart diseases, and lung cancer among others.
The high occupancy rate in Florida’s nursing homes, however, cannot be attributed only to the health conditions of natural-born Floridians as the state has become a favorite retirement destination since time immemorial.
Florida, according to most Americans, has the friendliest climate. They say it is neither too hot nor too cold and this is why the state has topped the list of places to see of many travelers and retirees.
Before deciding to retire in this state, though, a newbie has to study its cost of care because it might eat up his resources in no time. Just because Florida hardly makes it to the annual list of most expensive states for LTC it does not mean that the costs of in-home care, community-based care, and nursing home care in this state are tolerable.
Florida Long Term Care Costs
The cost of in-home care in Florida has managed to stay flat but it’s a totally different story for facility care.
Families of older Floridians or disabled individuals who are receiving care in nursing homes are paying a daily rate of $232, on average, for a private room or $215 for a semi-private room.
Meanwhile, those individuals who require advanced care which is not medically necessary are in assisted living facilities. For a one-bedroom unit in this type of facility, one has to shell out $2,750 monthly which is tantamount to $33,000 a year.
Many of these LTC recipients wish that they can just stay in their homes and receive the same quality of care. The good news is that they can because there is a new LTC trend called aging in place which allows disabled, very sick, or infirm individuals to remain in the comforts of their own homes as they acquire care. Unfortunately, there is a downside and that is the fact that this type of…