What is the Cost for Assisted Living?
Although assisted living costs less than nursing home care, it is still fairly expensive. Depending on the kind of assisted living facility and type of services an older person chooses, the price costs can range from less than $10,000 a year to more than $50,000 a year. across the U.S., monthly rates average $1,800 per month.(Please note costs in California exceed national averages)
Because there can be extra fees for additional services, it is very important for older persons to find out what is included in the basic rate and how much other services will cost.
Primarily, older persons or their families pay the cost of assisted living. Some health and long term care insurance policies may cover some of the costs associated with assisted living. In addition, some residences have their own financial assistance programs.
The federal Medicare program does not cover the costs of assisted living facilities or the care they provide. In some states, Medicaid may pay for the service component of assisted living. Medicaid is the joint federal and state program that helps older people and those with disabilities pay for health care when they are not able to afford the expenses themselves. (In California Medicaid is call Medi-Cal)