Assisted Living Costs
As you look into assisted living costs, take a look at how the community stacks up against what you already pay. In addition, see what the costs include and cover. Often, when it comes to senior living communities, their pricing is all-encompassing. Compare your costs with Renaissance Village’s affordability calculator on our website.
How to Pay the Cost of Assisted Living Facilities
Aid & Attendance Veteran’s Benefits:
Aid & Attendance Veteran’s Benefits support veterans and their spouses by helping cut costs of senior living. This benefit is available to wartime veterans, aged 65 or older or permanently disabled. In addition, surviving spouses may also qualify for aid. To qualify, the veteran must have served at least 90 continuous days of duty with at least one of those days taking place during war time. Additionally, the veteran must have received an honorable, general, or medical discharge. Applicant’s assets, excluding their home and vehicles, must also be less than $80k on average. Give us a call or visit the U.S. Department of Veterans Affairs for more information about applying.
Long-Term Care Insurance:
Planning ahead for potential health care needs as you age is an important part of financial planning. For those in their mid-50s to mid-60s, Long-Term Care Insurance is a great investment. This insurance plan helps cover the cost of long-term elder care by lessening the burden. The insurance can cover the cost of assisted living, nursing home care, adult daycare, respite care, hospice care, homemaker services and home health aide. To determine what you qualify for, contact your long-term care insurance provider.
Medi-Cal is California’s Medical Assistance Program that serves low-income people. This program does not
normally cover assisted living costs. However, you may be eligible to apply and receive an Assisted Living Waiver to use at approved communities. Medi-Cal does not cover assisted living at Renaissance Villages.
Did you know that your care is tax-deductible? Speak to your tax advisor to learn more about the tax benefits in paying for care for yourself or a loved one.
Want to learn more about assisted living at Renaissance Villages? Call today to schedule a tour to embrace the Renaissance Lifestyle for yourself.