What Happens When You Run Out Of Money At An Assisted Living Facility
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What Happens When You Run Out Of Money At An Assisted Living Facility

One of the biggest questions involving assisted living facilities involves what can happen to a resident if their money ends up running out while they are staying there. If either you or someone you know is currently living in one of these facilities and you end up running out of money with no backup plan immediately available, then the facility itself will likely end up being the one entity to show you any kind of understanding or compassion.

However, a resident could also face eviction from the facility, which is a situation that’s all too common. The very first thing anyone should do is obtain a copy of the facility’s policies, including those involving either dismissals and evictions, as well as what specific policies are in place for those residents who find themselves unable to pay for care. Perhaps the biggest goal should be to avoid eviction as much as possible, especially for those patients who suffer from issues such as dementia and Alzheimer’s disease, as the situation could cause all sorts of confusion with them.

In most states, the general cost of care for a private, single bedroom space in an assisted living facility is between $40,000 and $50,000 per year. However, it’s also important to note that these costs can vary depending on factors that include location and the actual level of care that’s required. In terms of nursing homes, these specific facilities can be much more expensive. In many cases, a simple Social Security check will not even be enough to cover anything near the total.

If money ends up running out, then the burden of caring for an elderly family member can end up falling upon those in their immediate family. However, if the affected individual doesn’t have any family who lives closeby, then caring for them can end up becoming the responsibility of entities such as their state’s Social Services department or an Area Agency on Aging. These places can come up with options that include meal delivery, home care, transportation to shopping and medical appointments, and daily check-ins by social workers. The unfortunate aspect of this is that this type of care doesn’t even come close to what can be found in more private facilities. As a result, those seniors who are affected by this type of situation can end up feeling isolated and alone.

Perhaps the best bit of advice to make note of is to do as much research as you can in terms of how much assisted living can cost you, and do it while you’re still at a young enough age. The best way that you can avoid being denied care when you get older is to plan accordingly.

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