PAYING FOR CARE

The Average Cost for Assisted Living in Metro Detroit is $3,500/ per month.

Ask us how we can save you up to 20% off your 1st two months!

Contact us today to find care within your budget.  (248-702-5082)


Financial Assistance

Monthly budgets will ultimately play a part when planning for long term senior care. Unfortunately typical insurances generally do not cover long term assisted living expenses. We will consult you on programs that you may qualify for; seeking and helping to secure any money or assistance that may be available. We are always offering application assistance for Medicaid and Veteran (VA) Benefits.

 Paying for Assisted Living

  1. Private Pay (you or your family pay out of pocket: Social Security, Pension, Savings etc…)
  2. Health Insurance/ Medicare (may pay some of the fees for a limited period)
  3. Medicaid / Waiver Program (Government/ State Welfare coverage assistance)
  4. Long Term Care Insurance (Long-term care policies would have needed to be purchased in advance)
  5. Life Insurance (with long term care benefits)
  6. Fixed Annuity (with long term care benefits)
  7. Veteran Benefits (benefits vary depending on individual circumstances)

 

Medicare will cover limited amounts for skilled nursing care following a hospital stay. Medicare does not cover most long term care services that assist with the activities of daily living over a long period of time. Medicare will only cover the first 100 days of care in a nursing home per Benefit Period if you are receiving skilled care and have a qualifying hospital stay of at least three days and entered the nursing home within 30 days of that hospital discharge. There are also some deductibles and co-pays that you will have to pay. Medicare covers limited home visits for skilled care and accompanying home care services.

 

Medicaid is jointly funded between the Federal and local State governments. Offered to those that are financially limited, individuals must meet specific guidelines in order to qualify. Essentially a welfare assistance program, individual’s income and assets are reviewed during the application process. Assets such as your home, car or life insurance can be protected by certain exemption rules. Those who do not qualify due to large savings accounts, Stocks, Bonds, CD’s, IRA’s or other non-exempt assets may have to go through a “spend-down” process before qualifying. Those who are approved are able to receive benefits for long term care and there are no time limits as to how long care can be provided.

 

Veteran Aid & Attendance
The Aid and Attendance (A&A) Pension provides benefits for veterans and surviving spouses who require the regular attendance of another person to assist in eating, bathing, dressing and undressing or taking care of the needs of nature. The A&A Pension can provide up to $1,758 per month to a veteran, $1,130 per month to a surviving spouse, or $2,085 per month to a couple. The amount available will vary upon each individuals circumstances. Visit www.veteranaid.org for more information.


Contact Assisted Living and Home Care Experts  Speak to a Local Expert Today.  (248) 702-5082


 

Five Tips to Affordable Assisted Living

  1. Ask About Move-in Incentives. Pricing is always negotiable to some extent. Many of the larger care facilities will offer promotions or incentives in order to maximize occupancy. These facilities need to keep their beds full and are willing to compromise in most cases. Tell them what type of budget you are working with and make sure they explain to you how and why costs may go up someday. Make sure the first month is prorated according to the move in day. Always negotiate a fair price.
  2. Consider a Shared Room. Some facilities will offer the choice between shared and private rooms. We hear many people ask for private rooms and we feel there are pro’s and con’s to consider. If a good match is made between two residents, companionship can result in increased mental stimulation, offering friendship, regular interaction as well as another to look out for. Sitting in a room all by yourself can be lonely and easily permits one to shy away from activities and interaction with others. Depression is the last thing anyone needs.
  3. Small Group Homes. The majority of the larger care providers will increase pricing based on levels of care. For most an increase of care will be required as they grow older, so the costs ultimately get more expensive. These increases can be difficult to judge, especially when trying to stretch a life savings or maintain a specific monthly budget. Moving a loved one after money starts running out can be devastating. Small Group Homes can sometimes be a good solution as many will honor pricing as care levels increase normally. Make sure that you truly have a long term care solution and calculate how long you can afford it.
  4. Talk to a Senior Living Advisor. We have local experts with direct familiarity to the local care markets as well for the providers within. Our services are free to anyone seeking senior care and we welcome you to contact us for a personal consultation. We will personally walk you through your options, avoiding substandard and over budget options along the way.
  5. Expand Your Search Area. There are more than 4,000 licensed Adult Foster Care facilities in the State of Michigan. The majority of which cater to Traumatic Brain Injuries, Developmentally Disabled and or Mentally Impaired populations. There are those that cater to the aged, Alzheimer’s, and non-ambulatory and many of them can be hard to find. Many quality care atmospheres are operated by people that are simply good at providing care and they will not have marketing staff or advertising budgets to promote their services. Make sure you are seeing all of your available options.

 

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