Who pays the bill for RFCEs?
Most people must pay privately for care. Long-term care insurance only covers a very small percentage of people. There is very limited public funding through Supplemental Security Income (SSI) for this level of care. Unfortunately, the SSI rate is so low that fewer and fewer facilities will accept persons on SSI. If you would like more information on financing options, visit our financing section.
Paying for Assisted Living
Because assisted living services can be tailored to meet the service requirements of the each individual, the cost of assisted living has remained relatively low as compared to other long term care options. Most facilities cost between $50 and $120 a day. The cost depends on the service needs of the resident, size of the living unit, location of the facility, and amenities offered. Currently, most assisted living services are paid for by private funds.
Welcome Funds - www.welcomefunds.com
For more information about financing options, life and viatical settlements, visit Welcome Funds, a Life & Viatical Settlement Broker..
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