Thinking of retiring anytime soon? If South Dakota happens to be on your list of the best places for retirement then good for you because there is so much to see and do in this state which is located in the Midwest. Before you pack your bags though Cheap Alex Lewis Jersey , have you planned for South Dakota long term care?
Compared to the cost of care in other U.S states specifically those in the northeastern region, South Dakota ‘s happens to be lower. Although this is the case, South Dakotans and those individuals who are planning to move and live in South Dakota permanently should not be complacent about their future health care needs as long term care (LTC) costs increase by the year.
The current average daily cost of a private nursing home room in South Dakota is $184 which is tantamount to $68,711 annually. According to nursing home staff, the average length of stay of their elderly residents is two and a half years so that would make for a total spending of $171,777.
That number Cheap Eric Weddle Jersey , however, is not yet inclusive of one’s daily living expenses which should factor in any LTC plan, as a person doesn’t stop eating, bathing, shopping, and going for leisure walks when he starts receiving care. It’s just that he cannot do these activities by himself anymore but he will definitely continue to require them.
Health care apart Cheap James Hurst Jersey , you have to check the cost of living in South Dakota, too, before deciding to move here with your family. It is not advisable, however, to start looking it up just a year before your scheduled move, otherwise you won’t have enough time to strengthen your nest egg.
Perhaps you can research about the state 10 or 20 years before your planned move. If you intend to move to South Dakota next year after the day that you retire Cheap Patrick Onwuasor Jersey , you’re better off where you are.
Is South Dakota Long Term Care Too Costly?
Compared to the rates of LTC facilities and services in New York, Rhode Island, Massachusetts, and Alaska, those in South Dakota are much lower. This fact, however Cheap Alex Collins Jersey , should not be taken for granted because every year, the cost of care increases and South Dakota is not an exemption.
Unfortunately, reports have it that 40 percent of South Dakotans 60 years old and older continue to underestimate the cost of LTC and presume that Medicare will foot their bills.
Federal and state governments have repeatedly explained that Medicare only provides limited LTC coverage to individuals that require skilled care. It will never cover one’s expenses for custodial care because it was never designed for this purpose.
Medicaid, on the other hand, is still in the process of recovering from its huge LTC expenditures in the past so it does not have much to offer.
South Dakota long term care facilities and care providers are sufficient for the state’s small population which is 814,180 based on the 2010 U.S. Census Bureau. To be able to receive excellent care in this state though Cheap Tavon Young Jersey , you should have a concrete plan that will allow you to receive care in your preferred setting. You can start discussing this with your family and looking into an array of LTC plan options.
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