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Skilled Nursing Facilities

Skilled Nursing Facilities

  • 05.05.20
  • Family & Life Events
  • Article

Serious healthcare needs may call for more attentive, hands-on accommodations.

Skilled nursing facilities offer full-time physicians, on-site nurses and nurse practitioners, social workers and dietitians. These facilities are well-suited for individuals with serious medical conditions and/or Alzheimer’s disease, dementia or cognitive impairment. Residents receive 24-hour care, including closer supervision and facility security.

Financial considerations

In 2019, the national median cost of a private room in a skilled nursing facility was $280 daily or $102,200 annually; for a semi-private room, $247 daily and $90,155 annually. Medicare covers only a limited amount of the cost, up to 100 days after a hospitalization. Long-term care insurance coverage varies by policy.

Family considerations

These facilities provide full-time skilled nursing care that may be difficult for the family to provide in the home. Family members may visit or arrange to pick up a resident for a home visit, if the medical condition permits.

Lifestyle considerations

Communities are designed to provide on-site access to services, including activities for residents, all meals and medical care.

Healthcare considerations

Medical and nursing care on-site and can often meet the healthcare needs of patients for the rest of their lives. Some facilities offer separate memory care units for dementia patients.

Read the full brochure from Legg Mason

Read the full brochure from Legg Mason

Sources: Medicare.gov, “Genworth 2019 Cost of Care Survey”

This content was created and distributed by Legg Mason Global Asset Management. Raymond James is not affiliated with Legg Mason Global Asset Management.

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