How Much Does Assisted Living Cost in New York City?

Over 810,000 people across the United States live in assisted living facilities. This generally includes seniors who need help with personal care or are showing signs of declining health – those who need help with some things, just not round-the-clock care. Over half of all assisted living residents are over 85 years old. If you or a loved one have decided that it’s time to transition to this type of senior housing, it can be useful to know what to expect. So, here’s everything you need to know about the cost of assisted living in New York City.

What is Assisted Living?

Assisted living is a long-term care option for older adults who would benefit from some extra care, but don’t quite need a medical facility (like a nursing home). Assisted living combines caregiving and independence in a home-like setting. Senior residents can stay active and social with support from staff. Common features you’ll find in assisted living are:

• Housekeeping
• Home maintenance
• Transportation
• 24-hour emergency care
• Personal care assistance
• Transferring assistance
• Supervision
• Well checks
• Multiple prepared meals per day
• A variety of amenities including things like fitness centers, worship centers, and on-site salons
• And more…

About New York

Positioned at the heart of the Northeast is “The City That Never Sleeps,” New York. Here, you’ll find iconic landmarks including the Statue of Liberty, Central Park, and Times Square. This metropolis is celebrated for its unique blend of historical significance and modern vibrancy, offering an environment where tradition and innovation coexist seamlessly. New York City is home to over 8 million people.

How Much Does Assisted Living Cost in New York?

The national average cost of assisted living is just over $4,500 per month. Though the actual cost will vary by facility and services offered, the average monthly cost in New York is $6,508.

What Determines the Cost of Assisted Living in New York?

Here’s a simple breakdown of how costs can vary in assisted living facilities and the types of billing methods you might see:

Factors Affecting Costs:

• Level of Care Needed: If you need less help, your monthly cost will be lower. More care means a higher cost.
• Floor Plan: The type of apartment you choose.
• Meal Services: Whether you opt for dining services.
• Staff-to-Resident Ratio: How many staff members are available to assist residents.

Billing Methods:

1. A La Carte:
   • Think of this as picking from a menu.
   • You pay for what you choose, including:
     • Monthly rent (room and board)
     • Care services fees
     • Medication management
     • Medical assistance
     • Housekeeping or maintenance
     • Recreational activities
2. All-Inclusive:
   • One monthly fee covers everything.
   • Includes rent, amenities, and all services.
   • There may be limits on how much you can use certain services.

How Much Does Assisted Living Cost Compared to Other Senior Care Options in New York?

Let’s take a look at assisted living costs in New York compared to other senior care options:

How to Pay for Assisted Living in New York

Long-Term Care Insurance

Most regular health insurance plans don’t cover the expenses linked to long-term care, which often includes assistance with daily activities and mobility. This is where long-term care insurance comes into play. It’s designed to cover:

• Custodial care
• Meal provision
• Housekeeping services
• Assisted living facilities

Veteran Benefits

For veterans, the VA provides coverage for many services as part of standard health benefits.

For a comprehensive list of long-term care services and how to apply for help, explore the following resources:

VA Nursing Homes, Assisted Living, and Home HealthCare

Department of Veterans’ Services

New York State Department of Veterans’ Services

Medicare

• Original Medicare (Parts A & B): If you need skilled nursing care while in assisted living, such as daily injections, IV therapy, or wound care, Original Medicare may cover it. Additionally, if you’re admitted to the hospital for inpatient care, you can use your Medicare coverage.
• Medicare Advantage Plan: This plan typically does not cover custodial care. However, it does cover certain skilled nursing services, prescription medications, and emergency services. For detailed information, review your specific health plan.
• Medicare Part D: Even while living in an assisted living facility, Medicare Part D covers prescription medications. For more details, visit Medicare.gov.

For additional help and information on Medicare, consider exploring these resources:

Medicare & More: Learn how to navigate Medicare with expert articles, advice, podcasts, and other senior resources.

Health Insurance Assistance – NYC Aging

Medicare – OCHIA

ToniSays.com

Medicaid

Medicaid is a joint federal and state program that helps low-income individuals pay for care. It can help with the cost of both custodial and medical care. Every state has different qualification requirements.

For eligibility and enrollment in New York, visit these resources:

New York State Medicaid

Medicaid – OCHIA

How to Apply for NY Medicaid

New York Medicaid

New York Office for the Aging