Myth: I have insurance to pay for my long-term care.
Truth: Medicare and Traditional Private Health Insurance Plans do not pay for long-term care. Insurance plans may pay for hospital stays, short-term rehab, and may pay for some long-term services post-rehab. They do not, however, pay for long-term care. Long-Term Care insurance policies can be purchased to help pay for long-term care.
Myth: I need “Assisted Living.”
Truth: You may, but there are different levels, and types of assisted living. When researching senior living options, find out exactly what services they offer to ensure they can meet your current and future needs
Myth: I can spend down my finances and move into a facility with Medicaid.
Truth: Medicaid can be utilized in some facilities; however, many senior living residences, particularly those that offer more independent options, only accept private funding. When researching senior living options, be sure to specifically ask what their payment options are, and whether or not they accept Medicaid.
Myth: All senior living facilities are the same.
Truth: While there are many options available to seniors (Skilled Nursing, Adult Homes, and Independent Apartments), the services provided and quality of care varies. When researching, visit as many facilities as possible, take notes, and ask for recommendations from friends, family, and professional agencies. Take notes on your first impressions, using all five of your senses. When visiting Adult Care and Skilled Nursing Facilities, look for the posted results of the most recent State Department of Health surveys and accreditations.
Myth: I cannot afford that place.
Truth: Proper financial planning and utilization of resources provides you many different options. While researching, find out what the costs are relative to the services and care you will receive. Also, find out what alternative funding is available to you, such as Veteran Aid and Attendance for Veterans and their spouses, which will help pay for monthly fees.