1 Assisted Living Community in Tipp City, Ohio

The average cost of assisted living in the city is $5,300 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 1 assisted living facilities in Tipp City and 30 in surrounding areas.

• Assisted living: $5,300
• Nursing home semiprivate room: $7,726
• In-home care: $4,385
• Adult day health services: $1,354

According to Genworth’s 2018 Cost of Care study, average monthly assisted living costs in Tipp City ($5,300) is more than $1,000 higher than the state average of $4,278 and $1,300 higher than the national average of $4,000.

Prices for assisted living in nearby cities, such as Springfield ($3,093) and Columbus ($4,170), are significantly lower. In fact, assisted living costs in Tipp City are the highest in the entire state of Ohio.  

Note: Senior care cost data wasn’t available for Tipp City, so data for the closest city, Dayton, was used.

 

More than 20 percent of residents in Ohio have free health care coverage through Medicaid, a nationwide health insurance program that is jointly funded by each state and the federal government.  Services that are covered by Ohio Medicaid include emergency care, hospitalization, some prescription medications and medical equipment, such as wheelchairs, ostomy supplies and incontinence garments.  To qualify for Medicaid enrollment in Ohio seniors must earn no more than $2,313 a month when applying as an individual, and a maximum of $4,626 a month when applying with a spouse. The Medicaid maximum income standards are calculated by multiplying the current Social Security Payment by three, and this number is subject to change periodically.  Medicaid also sets limits on the value of assets Medicaid applicants can own. Individuals can own no more than $2,000 in cash, investments and real estate, while couples can own less than $3,000 in countable assets.  Medicaid does let seniors own their principal residence without penalty as long as the home is worth less than $585,000.  Assisted Living Waiver Ohio also offers an Assisted Living Waiver program to cover the costs of assisted living for seniors who both qualify for free Medicaid coverage and have care needs at the nursing home level. Under the ALW, Medicaid may cover the costs of medically-necessary care as determined by a qualified ALW assessor.  Qualified Income Trust Seniors who do not qualify for free Medicaid coverage due to excess income may be able to establish a Qualified Income Trust (QIT), also called a Miller Trust, to become Medicaid eligible.  Under a QIT, seniors need to place all of their income that exceeds the $2,313 maximum for Medicaid coverage into a non-revocable trust, which names the State of Ohio as the beneficiary. The funds in the trust can only be used towards the cost of the seniors’ care, and upon death, any money that is left in the QIT goes directly to the state to reimburse the cost of care paid by Medicaid.  To learn more about Ohio Medicaid programs and setting up a Qualified Income Trust, contact the Ohio Medicaid Consumer Hotline at (800) 324-8680, or apply for Medicaid online.

Optional State Supplementation Like many states, Ohio has a state-funded program known as Optional State Supplementation that increases federal Supplemental Security Income benefits for seniors who qualify for free Medicaid coverage and need to live in an assisted living facility due to age-related deterioration or impairments.  State-funded SSI benefits for seniors in assisted living must be used towards the cost of room and board. The current maximum OSS payment for a single senior is $1,180 a month, while couples may receive a maximum of $2,170 a month.  To learn more about the OSS in Ohio contact the Miami County office of the U.S. Social Security Administration by calling (866) 931-2520. 

Tipp City veterans can contact either the Miami County Veterans Services department or the Dayton Vet Center for information about VA benefits and services. VA health care services are available at the Dayton VA Medical Center, and Tipp City is also home to two veterans’ social organizations, the Edward D. Martino VFW Post 4615 and American Legion Post 586. Miami County Veterans Services
510 West Water Street, Suite 140, Troy, OH 45373
(937) 440-8126 Dayton VA Medical Center
4100 West Third Street, Dayton, OH 45428
(937) 268-6511 Dayton Vet Center
3085 Woodman Drive, Suite 180, Kettering, OH 45420
(937) 296-0489

Seniors in Tipp City who need help navigating their health care options, want assistance with legal matters or are looking for a referral to low-cost support services in the area can contact the Miami County Community Action Council.  Miami County Community Services Center
1695 Troy-Sidney Road, Troy, OH 45373
(937( 335-7921

Senior Homes has an extensive directory of senior living options, with care and living providers across the United States.