Helping Seniors Afford Independent Living

Many of the seniors I work with are at a point in life where they’re exploring whether to age in place, move in with family, or transition to a senior living environment where additional services are available.

The main concern with senior living facilities is the cost — it is sticker shock for many seniors and their families who see prices starting at $4K a month with many communities charging significantly more.

Families then begin to explore what assistance is available to help them afford it.

I recently read an article from the Council on Aging about whether Medicaid can help seniors with the expense of independent living. The short answer is no, though Medicaid may cover other services that are needed as part of the independent living arrangement. Specifically, seniors should understand when and how to apply for  Home and Community-Based Services (HCBS) Medicaid waivers, or 1915(c) waivers. They can help seniors with disabilities remain independent by covering things like home health aides, personal care, housekeeping assistance, adult day programs, respite care, and case management.

You’ll want to check with your state to better understand how the waiver program work where you live.

>>Click here to read the full article from The Council on Aging.