Service Cost & Fees
Assisted living facilities differ greatly, however, most assisted living services are included in the facility’s basic service costs, but some may be offered for additional fees. These fees also differ between facilities and may be offered as an all-inclusive monthly price; tiered pricing based on required services; pricing based on individual services requested by the resident, or some combination of these.
Overall, fees for assisted living falls between board and care, which are generally lower, and nursing homes, which are generally higher. On average, monthly fees are approximately $3,000 in an assisted living facility but can range from $2000 to more than $8,500 depending on availability, amenities, location, and size. Most residents pay for assisted living without assistance, although some states provide public assistance with payment in the form of Medicaid, Supplementary Security Income, or Social Services Block Grant programs. Private long-term care insurance and some managed care programs may also assist with costs incurred while living in this type of facility. Medicare does not cover assisted living facility expenses.
Those states that do subsidize assisted living services, especially personal care services, do so using Medicaid 1915c waivers. Participation in these state programs is limited because such waivers are only available to individuals meeting the state criteria for nursing home care. Some states also use alternate strategies to help lower the costs of assisted living, including Low-Income Housing Tax Credits (LIHTCs), taxable and tax-exempt bonds, and other programs.
At Rayland Acres, we have a combination fee structure of tiered pricing based on the level of care that you need…CONTACT US FOR A TOUR TODAY!!!