…with Recovery Care!
There are many options when it comes to where you recover after time in the hospital, and a Recovery Care Insurance Plan can help ensure that happens!
What is a Recovery Care Insurance Plan?
- Assistance needed to recover from an accident, illness, or surgery
- Rehabilitation from a Hospital Stay
- Terminal Medical Condition
Different Recovery Care Options:
- Skilled nursing facility for sub-acute rehabilitation.
- Go home and receive in-home assisted care and therapy.
- Go home with no home care, but receive therapy as an out-patient in a private practice or hospital.
Consider These Facts:
| 70% | Of seniors (Over 65) need some form of recovery care during their lifetime.* |
| 69 Days | Is the average length of service required for Home Health Care.** |
| 270 Days | Is the average stay in a nursing home before discharge.*** |
| 79%/74% | Of men/women stay in a nursing home LESS than 1 year.**** |
*www.mylifesite.net, **www.goldencare.com, ***www.cdc.gov, ****www.elderweb.com
Protection from Financial Burden:
| Only 9% | Of skilled nursing home care, on average, is covered by Medicare. |
| 91% | Of nursing home care, on average, is covered by the patient. (YOU!) |
Medicare reimburses hospitals on a pre-determined, fixed amount. This provides incentives for hospitals to serve patients more efficiently – which reduces length of stay in hospital and increases need for Home Health Care / Skilled Nursing Facilities*
*Heath Care Financial Review
It Can Cost:
| $5,940 for a semi-private room in a nursing home (per month).* | $6,570 for a private room in a nursing home (per month).* |
| $3,131 for care in an assisted living facility (1 bedroom unit, per month).* | $5,040 for home health aide; $4,110 for homemaker services (per month). * |
| $2,010 for care in an adult day health care center (per month).* | *www.longtermcare.gov **Monthly calculation based on average daily rate times 30 days. |
How Will You Pay?
- Private Pay – you (or family members) pay for all costs out-of-pocket
- Medicare Supplement – pays only what’s approved by Medicare
- Private Insurance Recovery Care – policies for this are affordable and can be tailored to fit YOUR budget, even on fixed income
Call an SBS agent today to get a recovery care insurance plan in place for when the unexpected happens!