How is assisted living paid for?
Assisted living usually is paid for privately – either by the individuals themselves or in combination with their families, or in some cases by long term care insurance policies. While a resident of an assisted living center, an individual can receive Medicare coverage for some skilled services provided by home health agencies (i.e. physical, occupational, speech therapy or skilled nursing) or hospice services. The VA may also provide financial support for qualified veterans or spouses. The Medicaid Waiver program is available at our sister community, Berea Lake Towers. For further information, please click here.
Residence in most assisted living homes is paid for through private funds. In other words the individual or family is responsible for the monthly rent. Here at The Woodward, most of our residents pay 100% towards the rent. We are, however, very fortunate to have a modest endowment. This is a result of the days when all of a resident’s funds were turned over when they moved in. This endowment allows us to scholarship from time to time, someone who may not otherwise have sufficient funds to live at The Woodward. At this time, The Woodward does not participate in funding through the government such as Medicaid. However, we will be happy to assist those interested in pursuing this option with information on local facilities. We encourage anyone who has an interest in living at The Woodward to discuss his or her financial situation with us to ensure we guide you appropriately to the best possible choice.
Assisted living usually is paid for privately – either by the individuals themselves or in combination with their families, or in some cases by long term care insurance policies. While a resident of an assisted living center, an individual can receive Medicare coverage for some skilled services provided by home health agencies (i.e. physical, occupational, speech therapy or skilled nursing) or hospice services. The VA may also provide financial support for qualified veterans or spouses. Berea Lake Towers also participates in the Assisted Living Waiver program administered by the Ohio Department of Aging. Qualified individuals can receive financial support from Medicaid to assist in meeting financial obligations. To find out if you qualify for any financial assistance please contact us.
Assisted living usually is paid for privately – either by the individuals themselves or in combination with their families, or in some cases by long-term care insurance policies. While a resident of an assisted living center, an individual can receive Medicare coverage for some skilled services provided by home health agencies (i.e. physical, occupational, speech therapy or skilled nursing) or hospice services. The VA may also provide financial support for qualified veterans or spouses. The Medicaid Waiver Program is available at Royalton Woods. For further information, please contact us directly at 440-582-4111.
