ICFs play an important role in the health care ecosystem, but it is also a role with unique needs and funding models. They are typically regarded as a long-term nursing care facility for those who do not need the full services of a skilled nursing facility but do require individual attention and support in several areas of daily living. Most of the time, they serve adults with developmental disabilities and those in declining health, and because of the personal services and types of support they offer and their role as a 24-hour care facility, they have unique insurance needs.
Finding Cost-Effective Coverage for ICFs
Residential care facilities are typically small organizations with eight to 15 residents at any given time. Since the services offered are very often based around the specific demographics the facility was created to support, there’s a lot of variance in the individual coverage options needed despite the small size and limited scope of care. Some facilities bring in extra professionals like occupational therapists or dietitians, while others provide support only through their own full-time staff. Those considerations need to be taken into account when a policy is quoted, which is why so many ICFs choose to work with insurers who specialize in their needs. This allows for comprehensive policies that are tailor-made to each facility’s staff and residents.