How much would you pay for nursing home deposit

I haven't thought much about it till I read this
Jyl's journey to aged care: 'I feel like part of me is lost'
After working hard for all your life so that you could pay the deposit
Deposit for nursing home at Neutral Bay is 2.7 mil- don't think we could even afford it
Anybody prepared that far to aged care??

 

I'm intending to stay in my own home.

If I need 'nursing', then nurses or other carers can come to me...the quote from the article is heartbreaking:

'One elderly resident of a for-profit nursing home in Melbourne, speaking anonymously, told Fairfax Media she had spent $800,000 on a deposit to get her room, but bought most of her meals at the cafe.

"The food is a disgrace for human consumption. It's cold when served, the portions are small, the meat is tough. Most people push away their plates. It's inedible," the woman says.’

 

This was one of the big reasons we wanted to be financially free, so we could afford ( if need be) 24/7 medical and nursing care in our one home and not rot away in some godforsaken nursing home. We are staying put and everyone will be coming to us, no two ways about that.

 

When I need turning every two hours by a couple of teenagers I'll look for my own solution (and it won't cost $1mill). I think we had a thread on this not long ago...agree the costs are insane.

 

But you don't always have a choice? regardless of whether you can afford home nursing care or not.

Its dependent on what happens, the illness, mobility etc, dementia/Alzheimer's ?? How can you be nursed at home??

 

The only time you can't be nursed at home is if your a significant risk to self and or others and can't be managed in the community. It all comes down to risk.

 

The article linked to in the OP is really worth reading. Apparently some 'for profit' facilities have a daily food budget of $4.50 per person for all meals.

Have a look at a meal served in the facility that required an $800,000 deposit - it's slop served on a couple of slices of white bread...

 

There's an article somewhere about an elderly single lady who 'lives' on cruise ships. Works out alot cheaper than a nursing home, better service, 24/7 access to medical staff. I'm sure you could do this on the budget mentioned. Depends how much care you need of course, but at that price you could employ a nurse to go on the cruise with you.

 

Wow what a good idea!

 

I thought so. Sweet old lady, tips regularly. Staff falling over themselves to help her out. Could be a load of bull but I could see it working..

 

The wife says she wants a 18 year old, live-in, male nurse.

I am having a 18 year old, live-in, female nurse.

It is all in our budgets.

 

The article has a great deal of truth in it - from the looks glossy/manager knows all patients etc but the reality is very grim - lack of RN after hours, genuinely caring but understaffed, time poor, very time management conscious, group exercise sessions in front of a video Etc...

Numbers like $6k/month aren't unusual (after paying an enormous bond) and it's alot cheaper than a part time or live in nurse/carer.

As for deposits, many Sydney homes are asking upwards of $1m

 

You two are pretty shrewd. Go young and bottom of the payscale. That way you get an 18yr old each instead of one 36 year old to share.

 

Just one problem, most registered nurses wouldn't qualify until their early 20s. Back to the drawing board!

 

Pretend nurses will do as long as they are around 18

 

Does this mean you will be playing doctors & nurses?

 

The cruise idea sounds great except most, if not all, cruise liners have policies against this now. Most cruise companies require guests have reasonable health and can end a journey at their discretion if the health of guests is sufficiently concerning.

 

It may be a bit hard to play ,hide the sausage when your in the wheel chair ..

 

Up until recently about five per cent of the population end up in care home situations for twelve months on average. That's recently increased slightly higher to around seven per cent. It's far rarer than most of us think.

 

Damn, sounds like I've missed the boat