The importance of low income assisted living is becoming more apparent with each passing year. Many Americans worry about future medical conditions that might cause them to need an assisted living environment. For many retired people on a fixed income and their families, the cost associated with assisted living can seem overwhelming. There are low income assisted living options available, but sometimes the ability to research and qualify for such low income assisted living financial help can seem just as overwhelming as the cost burden. Whether a person needs just some basic help with cleaning and meal preparation or if they have a full-blown medical condition that requires around the clock care, the opportunities provided by fixed income housing need to be explored.
Who fronts the bill for low income assisted living?
Whether a person wishes to remain in their own home or seeks to move into an assisted living facility makes little difference. For those low income patients, the primary question is simply where is the money going to come from to aid in covering the cost of assisted living. Many governmental agencies provide low income assisted living housing. The department of Housing and Urban Development is probably the most important agency for providing aid to those lower income people in need of assistance. Unfortunately, HUD approved residences and apartments might be in a different area of the town or county from where the patient lives. If the patient is a homeowner, he or she might also have to sell the family home and use this money first for assisted living expenses before HUD will offer money or reduced rent in a HUD approved home.
More likely, a low income patient has little assets. Many insurance plans will cover some basic assisted living help. If the patient has no insurance or insurance will not cover such help, then the patient should see if they qualify for Medicare coverage. Medicare is an income based coverage and most all low income people will easily qualify. Medicare will cover some assisted living arrangements in private homes, but more likely will cover fully the cost of nursing home care in approved facilities. A nursing home is truly the extreme end of assisted living and generally is a last resort when a person is totally unable to tend to even basic hygiene and household tasks. Many patients would rather rely on a reverse mortgage or any other method to raise money in order to stay in their current home if it will prevent spending the remaining years in a nursing home.
Research low income assisted living now for the future
Like any problem, the solution to low income living assistance can be found through research and talking to various financial counselors. Every state has branch agencies of HUD and other eldercare services. The Association for the Advancement of Retired People (AARP) also has much information available on their website and through membership in the organization for people destined to need help with low income assisted living. The best thing to do is plan well in advance for the assumption that assisted living will be needed. Then if a sudden illness or impairment prevents a person from continuing to live an independent lifestyle the funds are already in place for the future.
The aging baby boomer population will find the need for assisted living everywhere. For subsequent generations with Social Security concerns, the funds need for assisted living may not be as readily available. For those needing low income assisted living, the chance will still exist, but finding and qualifying for such low income assisted living may be more difficult.