Senior Living Care - Payment Of Services By The Residents
There are three basic types of senior living care: assisted living, independent living, and residential care. Each serves a specific purpose for senior aging adults. Each also offers many extra services to ensure an enjoyable senior years. Independent living is also known as living in a specialized care facility.
Of the three choices, assisted living tops the national average in terms of cost. Cost is determined by the type of care each resident receives. Medicare actually pays for some portion of the cost of assisted living communities, but seniors may qualify for Medicaid if they also have supplemental insurance. Most communities are fee-for-service, which means that the cost per resident varies from community to community. Medicare supplement companies offer discounts for senior citizens who are also members of these organizations, so this discount may be worth the extra money.
The national average for assisted living care is nearly $1300 per day. This price covers all the expenses for meals, shelter, medical care, 24-hour aid, support activities and other necessary expenses. Residents may also be provided transportation between homes and assisted living facilities. Medicare does not cover some about the costs involved in receiving these services. Some communities participate in Medicaid programs for seniors who earn too low an income to qualify for benefits under their state's system, but many do not.
A senior living care advisor is necessary for seniors who are moving from one facility to another. The senior living advisor assists with contacting providers of the services the senior needs and helps them plan to stay within the limits of their resources while in a new location. The advisor can also help the resident navigate the transition to their new residence. Many communities provide this kind of service at no extra charge, but others have a fee for this service. For more facts about assisted living, visit this website at http://www.dictionary.com/browse/assisted-living.
Most senior living care retirement communities provide their residents with an on-site medical provider, but some communities refer their clients to a long-term care insurance agency. These agencies typically charge a percentage of the monthly cost of the senior living care services, up to a maximum of 40% of the monthly cost. These agencies also charge an annual deductible for services and sometimes require a co-payment, a set amount for each visit or prescription, as well as a monthly maximum limit for medical services. There is usually no deductible for non-medical home care services, such as assistance with everyday personal chores or getting dressed.
All fees must be paid at the time that they are received, unless the community has established a grace period before requiring the full payment of monthly charges. All fees must be paid at the end of a grace period. Most senior living care retirement communities have policies that allow them to charge late fees and CCRs, if the resident fails to pay their bill in a timely manner. CCRCs are due at the end of each year of residence in most communities, but payments may be made on-site, through an Internet portal or in a separate bank account until the resident passes away. Start here!