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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 2 assisted living facilities in Tipp City and 30 in surrounding areas.
Call 1-800-991-9257 for details
Danbury in Huber Heights provides many amenities for the convenience, comfort and overall well-being of our residents. Apartments A variety of floor plans available, including studio, one and two bedrooms Easy access shower Pet friendly environment Convenient resident parking Garages…
Call 1-800-991-9257 for details
Randall Residence of Tipp City offers seniors the opportunity of maintaining an active, independent lifestyle without the burden of caring for everyday duties. Within Randall Residence, Lavender Lane offers seniors with dementia an opportunity to enjoy life while providing families…
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.
Cost of Assisted Living Comparison Chart
Tipp City has a wide range of prices for senior care services with the least expensive option being adult day health ($1,354), and nursing home care ($7,726) being the most costly. A nursing home’s expense is a reflection of the type of care provided, since a nursing facility has licensed medical professionals who provide skilled nursing care to individuals who have a high level of care needs. By comparison, assisted living facilities generally do not offer skilled nursing, and the staff-to-senior ratio is much lower due to the less intensive care necessary.
Note that residential care service costs for seniors usually include room and board, while in-home care does not and seniors must also budget for a home’s upkeep costs.
Cost of Homemaker/Home Health Aide Comparison Chart
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.
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.
The Tipp City Senior Center is a newly-constructed community center where seniors can participate in a wide range of social, educational and wellness programs and activities designed to help area seniors meet new friends and stay active. Programs include low-cost yoga classes, regular communal dinners and crafting groups.
Tipp City Seniors Inc.
528 North Hyatt Street, P.O. Box 376, Tipp City, OH 45371
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
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
Dayton VA Medical Center
4100 West Third Street, Dayton, OH 45428
Dayton Vet Center
3085 Woodman Drive, Suite 180, Kettering, OH 45420
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