Cost

Welcome to the Cost page of The Village at Mount Hope. We understand that pricing is an important factor when considering healthcare services. Below is a list of our Assisted Living, Memory Care, and Respite Care services along with their monthly costs.

A number of assisted living facilities charge based on levels of service. The monthly cost will be a combination of a base rate that includes room and board, most utilities (cable and phone), and group amenities like activities, transportation, and communal meals. In addition to the base cost, any additional care services needed will have to be add-ons. Services in these rates also include medication management, toileting, bathing, or safety checks,

Personal care costs can add up quickly. It’s important to understand how the assisted living facility tallies these additional costs. Some are based on a points system (time for care = cost), while others may use a tiered system. We do use a tiered system here based on the level of care the resident is. 

It can be difficult to compare costs between multiple facilities. The only way to accurately predict the charges for your loved one is to request an assessment by the potential facility. This assessment is generally performed in person by a nurse or administrator and may include reviewing past and present medical records.

When planning for costs, keep in mind there may be additional costs like move-in deposits. Also, expect at times to see an increase on a yearly basis.

How to Pay for Assisted Living

It’s no secret; assisted living is costly. While personal funds, such as retirement and Social Security, are the most common means of paying for assisted living, many families also manage other payment methods. For example, some families will liquidate investments, settle with a life insurance company, utilize previously purchased long-term care insurance, apply for wartime veteran benefits, or work with their banks on reverse mortgages.

Does Medicare Cover Assisted Living?

Generally, Medicare will not cover the costs of assisted living, as it will only cover the costs of a short-term stay in a skilled nursing or rehabilitation facility. Assisted living is technically not a medical expense and therefore doesn’t qualify.

Does Medicaid Cover Assisted Living?

Age-related programs like Medicare will only cover senior care facility expenses related to skilled nursing; in other words, those facilities that are deemed medically necessary. Other programs, like Medicaid, might cover some of the assisted living costs. Medicaid, which offers government aid to low-income older adults and people with disabilities, often will.

Does Insurance Cover Assisted Living?

Generally, health insurance does not cover the costs of assisted living; however, this varies by provider. On the other hand, a long-term care insurance policy can be used to cover these costs. Be sure to plan ahead with a long-term care policy, as many providers will deny coverage if you have preexisting conditions such as Alzheimer’s, Parkinson’s, or multiple sclerosis.