The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retire Well on Less


Subject:  Re: The cost of nursing homes Date:  8/19/2015  9:00 PM
Author:  Howie52 Number:  1672 of 1928

"I know that I am only 66, but has anyone figured out how ridiculously expensive a nursing home is?
I just checked and it cost 346 dollars a day in 2014 for a nursing home in Massachusetts. That is close to $11,000 a month. I don't know anyone who could afford that.
Has anyone done any research on this subject? "


Keep in mind that nursing homes are a lot like hospitals used to be -
they push people out into either assisted living or into hospice
care as soon as the immediate nursing and therapy needs allow.
Assisted living costs - while not inexpensive - are much less than
nursing homes. Generally, the nursing staff is more limited and
there is a greater emphasis on providing living assistance - not
nursing assistance.

Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us