Hello all,
I'm bringing my 90 year old father to a nursing home later today. We've taken care of him and reached the point that it's necessary.
He'll be paying his own way, he has Long Term Care Insurance that will pay $100 per day (for up to 3 years) after a 90 day waiting period. He has just enough assets to sell to pay for his own way and allow mom to stay in her apartment. I'm not even going to try to apply for medical assistance.
I have a question for the board. Do you think it's possible to negotiate with the nursing home on the pricing ? I realize that they need to make enough to keep their doors open, but can a cash paying customer negotiate a price that would be more similar to what they are receiving from the majority of the residents who are on some type of assistance ?
Thank you.
I'm bringing my 90 year old father to a nursing home later today. We've taken care of him and reached the point that it's necessary.
He'll be paying his own way, he has Long Term Care Insurance that will pay $100 per day (for up to 3 years) after a 90 day waiting period. He has just enough assets to sell to pay for his own way and allow mom to stay in her apartment. I'm not even going to try to apply for medical assistance.
I have a question for the board. Do you think it's possible to negotiate with the nursing home on the pricing ? I realize that they need to make enough to keep their doors open, but can a cash paying customer negotiate a price that would be more similar to what they are receiving from the majority of the residents who are on some type of assistance ?
Thank you.