Seniors who wish to remain independent to the fullest extent possible but need help with daily activities can have the best of both worlds in the right Assisted Living facility.
Baby Boomers, who once headed companies or managed their own business/household, may have a difficult time acknowledging a need for help in bathing and dressing.
Medicare does not cover the cost of assisted living, but there are a variety of payment sources available. Certain services may be paid under Supplementary Security Income and Social Services Block Grants. Those who meet income qualifications may be eligible for assistance through the state Medicaid program. Contact the Senior Services Hot Line in your county for information on subsidies and payment assistance programs.
Longterm care insurance policies provide another option. Some costs are reimbursable through individual health insurance policies; however, the majority of assisted living expenses are borne by the patient and the family. The average cost is $2,714 monthly or $32,572 annually, according to national statistics. These are averages and do not reflect more affordable or subsidized options which may be available in your county.
Investigate all available payment sources for specific information on standard rates and fees for additional services before choosing an assisted living community. It’s wise to consult a financial or insurance expert for more detailed information before making a decision.