Nursing Home Prices and how to Pay Them

Nursing home prices are high and getting higher. If you’re looking for a nursing home for a senior you love, you want a place that will keep them safe and happy. But there’s one factor that most of us can’t ignore: the price tag. In this video, Jeff Hoyt, SeniorLiving.org’s Editor-in-Chief, takes you on a deep dive into nursing home prices, including the factors that make your costs so high, nursing home prices in your state and, most importantly, how to pay for a nursing home stay.

Time Stamps
0:00 Introduction to nursing homes
1:08 Differences between nursing homes and assisted living facilities
1:42 Assisted living costs
2:00 Nursing home prices
2:15 What nursing homes provide
2:41 nursing home prices per state

If both medical and personal care needs have become too great to handle at home or in another senior living community, you may need to find a nursing home for a loved one. This could be due to their being hospitalized or suffering through a worsening chronic illness. A nursing home is a place for a person who can't be cared for at home but doesn't need a hospital. Nursing homes typically have a nursing staff on site 24 hours a day.
Nursing homes also provide their residents with 24-hour safety monitoring, daily living assistance, and advanced on-site medical care.
To be clear, many people mistakenly refer to assisted living facilities as nursing homes, but those are for people who are more independent. It’s important to learn the difference between the two.
With assisted living, a resident can get basic medical care such as wound dressing and blood pressure monitoring, but only with nursing home care will they have daily access to the skills of more advanced practitioners such as registered nurses and occupational therapists.

In this video, we discuss the costs of nursing home and assisted living facilities, both private and semi-private rooms. We break down the average cost by state, and explain how to pay the costs, including through Medicaid, VA benefits, and long-term care insurance. We also cover the many valuable services included such as medical care, socialization, rehabilitation, as well as housekeeping services.

Jeff Hoyt is SeniorLiving.org’s Editor-in-Chief.

To learn more about nursing homes, watch    • Nursing Homes Explained 2024  

To learn the Different Types of Senior Housing, watch    • Senior Housing Types -- What are they?  

To learn more about assisted living, watch
   • What is Assisted Living?  

For reviews of home medical alert systems that allow you to age in place, watch    • Medical Guardian Home Medical Alert S...  

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