How Much Does Medicare Pay For Assisted Living Facility?

What financing options do Medicare, Medicaid, and others provide for assisted living residents? Let’s take a look below.

What Is Assisted Living?

An assisted living facility is one in which its residents largely lead their lives independently. They do get a little assistance for needs that differ from person to person, possibly with mobility, meal planning, transportation, hygiene or medication. You might be ready for assisted living if it is becoming hard or dangerous for you to go up and down the stairs at home or if driving is starting to get risky.

Assisted living can be in a residential-type neighborhood or large building. Some facilities allow pets and can also consist of laundry as part of the rent or for an extra fee.

Assisted Living Coverage Options

Cost is always one of the biggest factors when it comes to choosing the right assisted living community for your loved one. Prices for assisted living care will depend on floorplans, services, amenities, accommodations, and location. As you carefully select the type of care you’d prefer, you must know how the expenses will be covered if Medicare helps with any of the costs.

Medicare Coverage For Assisted Living

Typically, Medicare will not extend coverage for long-term or assisted living care. There are certain situations where Medicare covers qualified healthcare costs at these communities. Medicare is generally used to cover the costs of home healthcare that’s provided by skilled nursing facilities.

Medicaid For Assisted Living

In the state of Arizona, the Arizona Long Term Care System pays for care-related services for state residents living in assisted living communities. The System, however, will not pay for room and board. Assisted living residents will be responsible for different basic living costs depending on their coverage and location.

Other Financing Options For Assisted Living

There are some assisted living communities in Arizona that offer private funding options for residents. If an individual happens to have long-term care insurance, this will cover a portion of the costs associated with assisted living.

In most cases, assisted living residents pay for care out-of-pocket. They fund these services by selling assets like homes or other valuable properties. There is a wide variety of resources and ways that seniors pay for assisted living care.

How To Pay For Assisted Living

Assisted living is paid using private funds but there are some exceptions. There may be insurance policies that will cover assisted living. Check the insurance policy to see if it will be covered.

If the resident is a military veteran or is the veteran’s spouse, they may qualify for veteran’s benefits which will pay for the community. In some states, Medicaid waivers and funds can be used to help cover assisted living.

About Ventana Winds

Ventana Winds Retirement Community is a member of SLS Communities and offers Assisted Living and Memory Care services In Youngtown, Arizona.

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