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The average cost of assisted living in the city is $4,200 a month. This guide is a starting point covering the cost of assisted living care in the city, as well as financing options to pay for it. You’ll find in-depth information on 3 assisted living facilities in Panama City and 3 in surrounding areas.
The Cost of Senior Care in Panama City, FL
Located in a lovely costal town off the Gulf of Mexico, Brookdale Panama City is an outstanding assisted living community that provides personalized care to seniors.
Call 1-800-991-9257 for details
A senior living community that offers an array of retirement living options, Provision Living at Panama City Beach is located right off of the Gulf Coast.
Opened in 2000, this state-of-the-art facility offers a secure, assisted-living environment specially designed to meet the needs and desires of persons enjoying their "Golden Years." The center is centrally located in the sunny, vibrant Panama City Florida community, and welcomes…
This facility is unclean, understaffed, and way over priced! The smell of urine greets you at the door; Residents sit in soiled garments for hours; Resident rooms are not properly cleaned; Most of the food is not good; lots of frozen pizza! Management does not care! There are far better choices that offer much greate...Read more Brookdale Panama City reviews
The facility has a smell of urine in the hallways. The costs are ridiculous. You pay $1525 per mos for help with dressing, escort to meals, showering (2 times a week) and giving medication. If you need a nebulizer be prepared to add an additional $250 per month for them to "administer" it. Also an additional $274 pe...Read more Brookdale Panama City reviews
The average monthly cost of assisted living in Panama City is $4,200, which is higher than the state ($3,500) and national ($4,000) averages. Genworth’s 2018 Cost of Care study shows that prices in nearby cities are $4,096 in Pensacola, $4,195 in Crestview and $4,339 in Tallahassee. Statewide, the cost of assisted living starts at $2,808 in Lakeland and goes up to $5,448 in Naples.
The Cost of Assisted Living in Surrounding Areas
Senior care costs are largely based on the level of care needed, which is why semiprivate nursing home care with around-the-clock medical assistance is the most expensive option at $7,452 per month.
In-home care options, such as homemaker or home health aide ($4,385), cost $185 more than assisted living services, and at $4,200 per month, assisted living is the least-expensive residential care option for seniors, as the price includes accommodation, meals and home maintenance.
Senior Care Cost Comparison Chart
Medicaid is the nationwide health coverage program that was established on July 30, 1965, extending health services to those who have a low income and minimal assets. Jointly funded by federal and state governments and administered by each state, Medicaid provides primary, emergency and long-term health services at no cost to individuals who meet coverage criteria.
In Florida, Medicaid is administered by the Agency for Health Care Administration. Florida residents who qualify for Supplemental Security Income benefits are automatically enrolled in SSI-Related Medicaid coverage.
To qualify for no-cost Medicaid with long-term care coverage, seniors aged 65 and older can earn up to $2,313 per month ($4,626 per couple) and own up to $2,000 worth of countable assets ($3,000 per couple).
Some specific assets are Medicaid exempt, including a home that the applicant and/or their spouse lives in that’s worth up to $585,000, a non-revocable burial trust, one vehicle and personal effects, such as clothing, collectibles and household furnishings.
If only one spouse is applying for long-term Medicaid, the non-applicant spouse, known as the community spouse, can own up to $126,420 worth of the couple’s countable assets. The non-applicant isn’t expected to pay their spouse’s care costs, therefore, the income of the community spouse isn’t considered.
Qualified Income Trust
Seniors with earnings that exceed Medicaid income limits may be able to establish a Qualified Income Trust to enroll in Medicaid.
Commonly called a Miller Trust, a QIT is an irrevocable legal agreement between the applicant and the state. Income that exceeds the Medicaid limits, exempt is a personal needs allowance of $130 and any money paid towards the community spouse income, is deposited into the QIT.
The state is named as the beneficiary, and when the trust holder dies, the state is paid back for any care provided to the senior through Medicaid.
For more information on Florida Medicaid and the QIT program, contact ACCESS Florida, Northwest Region at 866-286-3609.
Statewide Medicaid Managed Care Long-Term Care Program
Florida Medicaid participants aged 65 and older who require the level of care normally given in a nursing facility may qualify for community-based, long-term care services provided within an assisted living facility under the Statewide Medicaid Managed Care, Long-Term Care Program.
The SMMC LTC is a nursing home diversion program that allows seniors to age in place in a community setting by funding enhanced medical and nonmedical care and supports, such as:
For more information on the SMMC LTC or to request a CARES assessment, contact the statewide Elder Helpline at (800) 963-5337.
Optional State Supplementation
Seniors who receive Supplemental Security Income benefits and have been certified by an Aging and Disability Resource Center as needing placement in a licensed assisted living facility may qualify for the Optional State Supplementation Program.
The OSS provides cash benefits to qualified individuals to assist with the room and board portion of assisted living costs. Single seniors may be provided with up to $78.40 per month and couples up to $156.80 per month in OSS funding.
VA Aid and Attendance Benefits and Housebound Allowance
Veterans and survivors who collect regular VA pension payments and have a life-limiting disability or chronic illness may be eligible for a higher pension rate under either Aid and Attendance or the Housebound Allowance.
To qualify for Housebound, applicants must have a permanent disability that limits them to their principal residence, which may be an assisted living facility.
To qualify for Aid and Attendance, applicants must meet at least one of the following criteria:
Note: Benefits from these two programs cannot be combined, and qualifying medical conditions don’t need to be linked to military service. Veterans who already receive VA disability benefits are excluded.
To apply for Aid and Attendance or Housebound, contact the Bay County Veteran Service Office at (850) 248-8280.
The Panama City Beach Senior Center offers year-round social events and activities for seniors, such as dances, card games, special interest clubs and exercise groups.
Panama City Beach Senior Center
423 Lyndell Ln., Panama City Beach, FL 32407
Low-income seniors who are unable to use the regular, fixed-route public transit service due to disability may qualify for the Bay Area Transportation Demand Response, a door-to-door, shared ride service.
The Bay County Council on Aging provides seniors with information about local resources and referrals to Meals on Wheels and daily nutrition programs.
Bay Area Transportation Demand Response
919 Massalina Dr., Panama City, FL 32401
Bay County Council on Aging
1116 Frankford Ave., Panama City, FL 32401
Bay County Veterans Services helps veterans, survivors and dependents apply for VA benefits, such as Aid and Attendance and Disability and burial benefits.
Outpatient VA health services, including primary care, dental, radiology and women’s services, at the Panama City Beach VA Clinic are part of the Gulf Coast Veterans Health Care System.
Bay County Veterans Services
840 11th St., Panama City, FL 32401
Panama City Beach VA Outpatient Clinic
2600 Veterans Way, Panama City Beach, FL 32408
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