How is senior housing paid for?
Most senior communities require private pay, although a few accept Medicaid or offer moderate income programs to reduce monthly rental rates for those who fall below a specific income level. Long-term care insurance policies usually cover any care services that are needed. The Veterans’ Aid and Attendance program also covers the cost of care services provided as long as specific eligibility requirements are met. Medicare covers nursing care in skilled nursing facilities (nursing homes) but does not cover senior housing expenses.
Related Questions
- If the applicant presently resides in subsidized housing, do we consider the total rent or the amount of rent that is actually paid by the applicant when determining the rent to income ratio?
- Haven’t we built workforce and senior housing projects in Redway and Garberville?
- How do I collect the tax paid receipt from Vakil Housing?
