How much does a nursing home cost in Napa, CA?
According to a report published in 2012 by the office of Statewide Planning and Health Development, the average daily private pay rate (ADPPR) for a skilled nursing facility in Napa County was $265.36.
That's $96,856.40 per year.
That figure can be even higher in other California counties. For instance, In Sonoma County, it's $107, 620.25 to stay in a skilled nursing facility for a year. And in Marin County, it's $112, 799.60.
What are my chances of needed long term care?Statistics are everywhere, and statistics can be used to frighten you. We don't want that.
However, reliable sources, like the U.S. Department of Health and Human Services say that if you are 65 years old right now, your chances of eventually needing some kind of long term care in California are almost 70% That's 7 out of 10.
Fortunately, most people who need long term care find that they need it for less than one year, or they find that they need less expensive care than a nursing home, such as some professional in-home help. The alternatives to nursing home are are wonderful these days.
You may say, "what are the odds I'll ever have to go to a nursing home?"
By the time you make it to 65 years old, you have a 35% chance of entering a nursing home sometime in your life. That's a 1 in 3 chance you'll need expensive care. More significantly, if you enter a nursing home, your chances of staying there for 5 years or longer is 10%.
What does all this have to do with destroying a legacy?You may have worked hard to build more than just a retirement for yourself. You may have also built a financial legacy for those you love.
If you have something to leave for those you love, the same nursing home that gives you extended comfort and care at the end of your life, can also be the destroyer of all that you've worked hard to pass down to your loved ones.
If you experience a nursing home stay of 5 years (and that is a real risk)... you will most likely have to spend up to half a million dollars of your own assets. For many folks, even those who have been very blessed and successful, this can devastate most or all of the inheritance that they wanted to pass down to their children or grandchildren.
Nursing home costs destroy assets.
What can I do about nursing home costs?If you have assets to protect for your loved ones, you can do something.
Call Sackrison Insurance in Napa, California. We specialize in asset protection, and we are very experienced with all of your options for Long Term Care Insurance in California. California has very specific laws and policy guidelines- what applies in other states may not apply here.
You need an experienced agent to help you understand your options- an agent who knows coverage limits and can weigh your risks against your needs.
Call an agent who understands California plans, like the California Partnership for Long Term Care.
I'm that agent. Call me, Bruce Sackrison, at 888-332-6609.
According to a report published in 2012 by the office of Statewide Planning and Health Development, the average daily private pay rate (ADPPR) for a skilled nursing facility in Napa County was $265.36.
That's $96,856.40 per year.
That figure can be even higher in other California counties. For instance, In Sonoma County, it's $107, 620.25 to stay in a skilled nursing facility for a year. And in Marin County, it's $112, 799.60.
What are my chances of needed long term care?Statistics are everywhere, and statistics can be used to frighten you. We don't want that.
However, reliable sources, like the U.S. Department of Health and Human Services say that if you are 65 years old right now, your chances of eventually needing some kind of long term care in California are almost 70% That's 7 out of 10.
Fortunately, most people who need long term care find that they need it for less than one year, or they find that they need less expensive care than a nursing home, such as some professional in-home help. The alternatives to nursing home are are wonderful these days.
You may say, "what are the odds I'll ever have to go to a nursing home?"
By the time you make it to 65 years old, you have a 35% chance of entering a nursing home sometime in your life. That's a 1 in 3 chance you'll need expensive care. More significantly, if you enter a nursing home, your chances of staying there for 5 years or longer is 10%.
What does all this have to do with destroying a legacy?You may have worked hard to build more than just a retirement for yourself. You may have also built a financial legacy for those you love.
If you have something to leave for those you love, the same nursing home that gives you extended comfort and care at the end of your life, can also be the destroyer of all that you've worked hard to pass down to your loved ones.
If you experience a nursing home stay of 5 years (and that is a real risk)... you will most likely have to spend up to half a million dollars of your own assets. For many folks, even those who have been very blessed and successful, this can devastate most or all of the inheritance that they wanted to pass down to their children or grandchildren.
Nursing home costs destroy assets.
What can I do about nursing home costs?If you have assets to protect for your loved ones, you can do something.
Call Sackrison Insurance in Napa, California. We specialize in asset protection, and we are very experienced with all of your options for Long Term Care Insurance in California. California has very specific laws and policy guidelines- what applies in other states may not apply here.
You need an experienced agent to help you understand your options- an agent who knows coverage limits and can weigh your risks against your needs.
Call an agent who understands California plans, like the California Partnership for Long Term Care.
I'm that agent. Call me, Bruce Sackrison, at 888-332-6609.
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