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The Insurance Needs of Intermediate Care Facilities

The Insurance Needs of Intermediate Care Facilities
Operating an intermediate care facility requires a great deal of attention. When a person has reached a stage of his or her life where assistance is required for daily activities or habits, there are many factors at play. While offering this service is a help to many families, you need to think about how you could be held responsible in the event of an unforeseen problem down the line. Knowing how to protect yourself and your business with the right insurance policy is a good way to stay safe. Common ICF Concerns Since this type of location is often considered a low-level care establishment, ICF regulation will look different than that which governs other similar institutions. Interestingly, most of the patients who will move into this type of facility will actually require more care. This can complicate matters, especially when it comes to understanding how and when you are liable. The institution might also be exempt from programs that other facilities benefit from, like reimbursement from Medicare over specific costs. Additional points to consider include:
  • Physical therapy and occupational therapy services
  • Transportation to off-site locations such as doctors
  • Specialists and external professionals who visit facilities
Compare and Discover Appropriate Coverage By looking through the basic points surrounding this type of facility, you will start to understand more about how you should approach your insurance coverage. The more you see how an ICF differs from a traditional nursing home, the more apparent the future risks become.