It’s no secret that senior living communities can be expensive, but there are financial assistance options to help. At BridgeWater Assisted Living, we understand the financial stress that senior living can have, and that’s one of the reasons we accept a myriad of financial solutions to relieve some of those costs.
One popular financial option is the Arizona Long-Term Care System, more commonly known as ALTCS.
ALTCS is health insurance for people aged 65+ years old who have a disability or need nursing-home-level care. You do not need to live in a nursing home in order to qualify for ALTCS, meaning that you can stay at home with assistance or move into an assisted living community and still qualify for ALTCS.
So, what does ALTCS pay for? Let’s take a closer look.
ALTCS can help cover the cost of assisted living, both state- and privately run. As long as the assisted living community is contracted with ALTCS, you can use those funds to cover costs. A lot of privately run assisted living communities and larger living centers do accept ALTCS, but it’s still very important to check eligibility when touring different locations.
Some seniors need higher-level care than what is offered in assisted living communities, but they still want to live somewhere that has a neighborhood feel to it. Because of this, they may consider residential care homes, more commonly known as group homes. Most of these homes are more intimate, with only about 5 to 10 residents. It’s also more personalized, as these homes have 24/7 care with caregivers living on-site alongside their residents.
There are a lot of seniors who prefer the comfort of their own homes and still need some assistance. ALTCS can help with this, paying for up to 40 hours each week of in-home care, depending on the medical needs of the individual. Additionally, the state typically lets you keep all of your income (if it falls below the monthly limit) if you choose in-home care.ALTCS is a great financial solution if you are a senior who needs help paying for extra assistance. It is important to note that you must be eligible to receive ALTCS and you have to fill out an application. If you are interested in our assisted living communities here at BridgeWater, we happily accept ALTCS and understand the financial relief that it can provide our residents.