Considering Assisted Living Costs: What is Private Pay?
WHAT IS PRIVATE PAY?
When considering assisted living costs for an assisted community or senior care, private pay refers to paying for care out-of-pocket. Private pay is any type of funds that are available to the senior or the senior’s family, privately such as savings or assets.
WHO ACCEPTS PRIVATE PAY?
Every long-term care provider, such as an assisted living community, independent living community, nursing homes, home care and hospice, will accept private pay. It is the most common form of payment for these long-term care providers, and in some cases is the only payment option. Most assisted living communities are primarily private pay, while a specific number of beds are reserved for seniors receiving Medicaid funds.
“DO I HAVE ENOUGH MONEY TO PAY FOR LONG TERM CARE?”
Call Michael Willis at (262) 822-5300 for FREE, expert consulting on understanding assisted living costs, finding the right facility and navigating this time of transition in your life.
Senior Nest Referral team members will meet with you to discuss your monthly budget and what amenities and services are included with the price so you have an estimate of how big (or small) your monthly budget needs to be.
Together, we will discuss levels of care along with services and amenities that are important to you and your family. You’ll receive a list of senior living communities in your area that meet your specific needs. Senior Nest Referrals will then put you in contact with these assisted living facilities so you can further discuss how much your requirements in a senior living community will cost.