The cost is one of the first factors that families look into when looking into assisted living communities for a loved one.
The cost factor is even more important for low-income families. Senior living facilities are not cheap the total cost can increase substantially if someone has underlying medical issues that require special care and treatment.
If you’re wondering whether assisted living the most cost effective solution for low income seniors in Long Beach, we’ve put together some information that can help answer this nagging question.
How Much Does Assisted Living Cost
The average cost you can expect to pay is approximately $3,750 a month.
It’s important to understand that this is an approximate cos. The exact cost will vary considerably from one facility to another depending on their location, amenities, type of services provided and the level of care that an individual may need. This cost can change if the resident’s level of care requirements change.
Middle income families may be able to afford this by pooling in their resources in addition to getting some financial assistance. For low income families however, this may be absolutely unaffordable.
Fortunately, there are still ways that low income seniors can manage to meet the cost of assisted living in Long Beach.
One such resource is the assisted living waiver.
Assisted Living Waiver - A Financial Assistance For Low Income Seniors
- Help with daily living activities from personal grooming and bathing to administering medications
- Nutritious meals customized to meet special dietary restrictions if needed
- All health-related assistance including skilled nursing care
- Social and recreational activities
- Housekeeping services including cleaning and laundry
To avail of the assisted living waiver, seniors must first be eligible for Medi-Cal benefits. This means they must be over 65 years of age and have an income 138% that’s of the poverty level.
For individuals this is $16,395. For couples this is $22,108.
In addition, they must also meet these requirements:
- Be eligible for Medi-Cal with zero share of cost
- Require personal and health care assistance that’s similar to other Medi-Cal funding seniors in assisted living settings
- Be willing and able to live in an assisted living facility
Contacting your local county office is the first step in determining eligibility and applying for the Assisted Living Waiver.
Your local Agency is the place to contact for getting expert help in developing a solid retirement plan depending on your finances and other personal circumstances.
Assisted living can be expensive but that doesn’t have to be unaffordable. There are also other resources in addition to Assisted Living Waiver that are worth looking into when exploring ways to help cover the cost of a senior living facility. These include Veterans Benefits, Long Term Care Insurance, Life Insurance Policies, and Reverse Mortgages.
Disclaimer: Please note we are not experts in this area. The article has been put together using the information we have garnered from reliable sources. You must consult with financial experts for more information and professional advice.
Great blog post. Really looking forward to read more. Valencia Tracie Heurlin
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