Exploring the Benefits of Assisted Living Facilities

Assisted living facilities can often be an excellent option for a person who is interested in residing in a place where he or she can receive supervision or assistance with Activities of Daily Living, and where the resident is monitored to help assure his or her well being.

Traditionally, assisted living facilities were funded or paid for by the resident’s private money. In many of these instances, the use of a long-term care insurance policy is proven to be extremely helpful in paying for the cost of the assisted living facility. The payment from the long-term care insurance policy allows the individual the freedom to choose to live in an assisted living facility and privately pay for that stay.

Presently, there are only a few assisted living facilities that accept Community Medicaid. This allows the individual to reside in the assisted living facility and have the majority of his or her bill paid for by Medicaid. This may be an invaluable option for a client who does not have the funds to pay privately, does not have the long-term care insurance to defray the costs, but is not nursing-home ready and cannot stay at home.

Under this program, the applicant would apply for Community Medicaid to help reduce the cost of residing at the assisted living facility. Currently, there is no 5-year look back for Community Medicaid, thus allowing for a considerable amount of flexibility when planning for this option.

An individual’s well being and place of residence as they age is very important and personal. It is recommended to contact your attorney to find out the best option for you. Please do not hesitate to contact us with questions.