How Much Do Nursing Homes Cost in New York City?
For seniors requiring round-the-clock health and personal care, a nursing home stands as an ideal choice. Currently, over 1.3 million individuals across the nation make their homes in nursing facilities, a figure that’s poised to potentially double by the year 2030. If you or someone close to you is contemplating the move to this form of senior living, getting a handle on the financial aspect is key. Here’s what you need to know about the costs of nursing homes in New York City.
What is a Nursing Home?
A nursing home is for seniors who don’t need a hospital but do require a higher level of care or medical attention than can be provided at home or in an assisted living facility. These facilities are designed to provide residents with a structured daily routine, including set meal times and continuous medical oversight. Each resident benefits from a tailored care plan alongside regular health evaluations to ensure their needs are met effectively. Key aspects that define the quality of a nursing home include:
- Full-time Health Care: Ensuring residents have access to 24/7 medical care tailored to their specific health needs.
- Personal Care Assistance: Offering constant support with daily living activities, ensuring residents maintain their dignity and quality of life.
- Skilled Nursing Services: Providing specialized care, such as wound care, IV therapy, and monitoring of vital signs, by licensed nurses.
- Medication Management: Assisting with the administration and monitoring of medications to manage health conditions effectively.
- Engaging Social and Recreational Activities: Facilitating a vibrant community life through a variety of activities and events that cater to the interests and abilities of the residents, promoting social interaction and mental stimulation.
About New York, New York
Positioned at the heart of the Northeast is “The City That Never Sleeps,” New York. Here, you’ll find iconic landmarks including the Statue of Liberty, Central Park, and Times Square. This metropolis is celebrated for its unique blend of historical significance and modern vibrancy, offering an environment where tradition and innovation coexist seamlessly. New York City is home to over 8 million people.
How Much Does a Nursing Home Cost in New York City?
The national average nursing home costs are $7,908 per month for a semi-private room and $9,034 per month for a private room. Although actual costs will vary by facility and amenities offered, the averages in NYC are $12,471 per month for semi-private and $13,535 per month for private.
How Much Does a Nursing Home Cost Compared to Other Senior Care Options in New York?
Let’s take a look at the cost of nursing homes in New York compared to other senior care options:
| Type of Care | National Average Monthly Cost | NYC Average Monthly Cost |
|---|---|---|
| Nursing Home, Semi-Private Room | $7,908 | $12,471 |
| Nursing Home, Private Room | $9,034 | $13,535 |
| Homemaker Services | $4,957 | $5,148 |
| Home Health Aide | $5,148 | $6,483 |
| Assisted Living | $4,500 | $6,508 |
| Adult Day Health Care | $1,690 | $2,275 |
How to Pay for a Nursing Home in New York City
Besides personal savings, you have several possibilities that can help pay if and when it’s time for long-term care!
Health insurance
While it’s true that most insurance plans don’t usually cover the costs of long-term care, there are instances where coverage for specific medical services is possible. When you’re on the lookout for a nursing home, it’s a smart move to inquire with the administrators about the possibility of itemizing your bill into distinct categories such as custodial care, medical care, and room and board. It’s important to note that health insurance typically doesn’t foot the bill for personal care or living expenses. However, there are exceptions where it might cover skilled nursing or other medically necessary services provided within a nursing home setting. So, it definitely pays to give your policy a thorough review!
Long-Term Care Insurance
Long-term care insurance can help pay for care received in your home, a nursing home, an assisted living facility, or even adult daycare centers. Usually, policies state that you become eligible for benefits when you’re unable to perform at least two of six activities of daily living.
Veteran Benefits
The VA will cover the cost of many services under standard health benefits. Veterans may be eligible for Community Nursing Homes, which are residential care centers and skilled nursing facilities, paid for by VA benefits.
To see a full list of long-term care services and to apply for assistance, check out these resources:
Department of Veterans’ Services
New York State Department of Veterans’ Services
Medicaid
Medicaid is a joint federal and state program that helps low-income individuals pay for care. It can help with the cost of both custodial and medical care. Every state has different qualification requirements.
For eligibility and enrollment in New York, visit these resources:
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Originally published March 26, 2024
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