Funding for Assisted Living
An assisted living facility might be the best option for many senior citizens. Most facilities allow as much independence as the individual is capable of, yet the staff is there when needed. Generally a far cry from a traditional nursing home, an assisted living arrangement often includes a private apartment-like room or rooms that might include a sitting area and a small kitchenette. Residents usually enjoy group activities, field trips, and live entertainment. If the senior still drives, he might be able to keep his own automobile at the facility.
While assisted living might sound like the perfect living condition for your elderly loved one, the problem might be paying for it. Assisted living can be expensive, ranging from $3,000 to over $5,000 per month. Fees are somewhat established according to how much care the resident requires.
The first thing to do is to compare prices. A higher monthly fee doesn’t always mean a better level of care or a better living situation. Prices can vary greatly, so it’s in your best interest to “shop around.” If a facility isn’t near capacity, it might even be open to negotiating a monthly fee. Also, be sure to find out what is and isn’t included.
Sadly, Medicare does not pay for assisted living. In some states, Medicaid will cover part of the costs, so if your loved one receives Medicaid, that’s a good place to start. Check with your state’s specific guidelines on what is and isn’t covered.