The average retiree has a median household income of just more than $35,000. The average annual rate for assisted living facilities is $35,000, more if specialized nursing or memory care is required.
Medicare does not pay for assisted living facilities. In some facilities, low-income residents can qualify for Medicare coverage of services received in assisted living environments.
The majority of residents living in assisted care facilities pay for the services themselves or through long-term care insurance.
Where to go for help:
The Consumer Consortium on Assisted Living offers advice and state-by-state guides on long-term care licensing agencies and long-term care ombudsman offices that can provide information on facilities. Visit www.ccal.org for more information.
Geriatric care managers can be consulted to help families and individuals find the best long-term care facility in their area. For more information visit www.caremanager.org.
