A long term care bed at a nursing home costs anywhere between $5500 to $20000 monthly. There are many rich, retired people who would have their finances depleted in a few years with a cost that high.
The average middle class individual would never be able to afford that so the fall back is usually medicaid.
A long term care bed at a nursing home costs anywhere between $5500 to $20000 monthly. There are many rich, retired people who would have their finances depleted in a few years with a cost that high.
The average middle class individual would never be able to afford that so the fall back is usually medicaid.