Cost and How To Pay For Assisted Living

All this money we've been saving up throughout our lives will have its main use as we get older and in need of more assistance with our day to day living activities. Some of us if not most of us will end up in a board and care or assisted living where the average cost will be anywhere between $2500 (for a shared room) and as much as $6,000. From my experience working with clients, their primary source of funding comes from by selling a property their mom or dad owned or inherited money or the children all pitch in to the rent amount. Medicare / Medi-cal are not eligible for assisted living funding.

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