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The average cost of assisted living in the city is $5,190 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 4 assisted living facilities in Lakeway and 30 in surrounding areas.
The Cost of Senior Care in Lakeway, TX
Brookdale Lakeway is one of Texas' premier senior living centers, and provides levels of care ranging from assisted living to caring for those with Alzheimer's or dementia.
Now Open At Belmont Village Lakeway, you’ll find the perfect blend of comfort, care and active living. The rustic, Mediterranean-style building is nestled in Northwest Austin, surrounded by premier dining, shopping and entertainment. We’re just a short drive from Baylor…
Legacy Oaks’ vision is to create a caring and loving community where seniors’ present needs are met and where services can adapt to future needs without the disruption that comes with moving. Legacy Oaks is conveniently located in Oak Hill,…
Be very careful, and thorough investigating this facility. Supposedly they have changed most of the staffing in different departments, I hope so. When we dealt with this facility the "sales" department were high pressure and didn't assess our parent correctly for the type of care that was required. Some of the aides...Read more Brookdale Lakeway reviews
Brookdale Lakeway has recently undergone some management and staff changes and the improvement is evident. The changes have made this community a positive environment, the staff seems to be knowledgeable and want to really enjoy what they do. I witnessed nurses being kind while providing great healthcare. I also notice...Read more Brookdale Lakeway reviews
Please read my review before placing your love one here!!!!! The staff is horrible. Multiple times my dad would press the call button and they would not come into his room for 40 minutes. I would walk down to the station and all nurses and aids would be sitting on their phones. I would let them know my dad needed assi...Read more Brookdale Lakeway reviews
For the most part the staff was very knowledgeable and caring. I had a friend of the family go to Brookdale Lakeway for some rehab and therapy. The therapy team is fantastic! I am a nurse so the family involved me with the care he was receiving quite often. The nurses provided great wound care, they gave pain medicatio...Read more Brookdale Lakeway reviews
Friendly staff and excellent design and layout. At the time of my visitation it was staffed with nurses also. This is important for constant clinical assessment of residents and prevention and oversight of any problems that may arise.Read more Brookdale Lohmans Crossing reviews
According to data collected in Genworth’s 2018 Cost of Care study, assisted living expenses in Lakeway ($5,190) are substantially higher than the national ($4,000) and state ($3,795) averages. In neighboring San Antonio ($3,975) and Killeen ($4,053), where assisted living costs hover near the national average, care is considerably less expensive than in Lakeway. Nearby Victoria is also less costly at $4,370.
Note: Senior care cost data for Lakeway wasn’t available, so data for the nearby Austin area was used.
The Cost of Assisted Living in Surrounding Areas
While the cost of senior care varies depending on the type of services required, expenses in Lakeway are more consistent than other areas of the country. Nursing home care ($5,323) costs only slightly more than assisted living ($5,190), while in-home services are only about $1,000 less per month. Seniors should take expenses such as mortgage payments or rent and household upkeep into consideration when weighing residential services against in-home care to accurately compare costs.
Senior Care Cost Comparison Chart
The goal of Texas Medicaid is to provide health care for eligible low-income state residents including seniors. Services include preventative care, physician or clinic visits, inpatient hospital stays, prescription medications and diagnostic testing. Most services are provided through local managed care organizations. Some seniors may also qualify for dental, hearing and vision care through the Medicaid program.
To qualify for Medicaid, single applicants must have income below $771 per month and less than $2,000 in assets. For married couples applying, income is limited to $1,057 and assets $3,000. If only one spouse needs Medicaid, the individual limits apply. There is no level-of-care requirement for Texas Medicaid.
Texas seniors in need of assistance may also be eligible for Medicaid for long-term care. To qualify, residents must be 65 or older and demonstrate a need for 30 days or more of continuous care. Medicaid income and asset requirements apply, although there are exclusions. Exemptions include a home, car, burial funds and some life insurance policies. The state provides a simple screening tool to assist applicants with navigating income, asset and medical qualifications.
Elder Texans aged 65 and over with disabilities may qualify for the STAR+PLUS Home and Community-Based Services waiver, which offers health care benefits and long-term assistance through a health plan of the applicant’s choosing. While many of the benefits offered under the program are geared toward in-home services, the waiver may also fund assisted living. To receive benefits through STAR+PLUS, applicants must qualify for state Medicaid.
To learn more or apply for Texas Medicaid or the STAR+PLUS waiver, visit YourTexasBenefits or call (800) 252-8263.
Texas Community Care for the Aged and Disabled
The federally funded CCAD program is also known as “Non-Medicaid Services.” Administered by Texas Health and Human Services, the program helps seniors at risk of nursing home placement maintain their independence. In an assisted living setting, seniors receive care management and help with activities of daily living. CCAD covers cost of the services provided, but not room and board.
Only legal Texas residents may apply for CCAD, although the length of state residency is irrelevant. To qualify, applicants must meet these requirements:
Texas Medicaid programs offer some similar benefits, and individuals eligible for coverage through Medicaid shouldn’t apply for CCAD.
For more information about eligibility, coverage and how to apply, contact the Capital Area Aging and Disability Resource Center at (855) 937-2372.
VA Aid and Attendance Program
Through the federal VA Aid and Attendance Program, eligible U.S. veterans and their surviving spouses can receive funding to offset assisted living expenses. To qualify, individuals must be 65 or older, regularly require assistance with activities of daily living and not receiving a VA disability pension. A nursing home level of care is not mandatory to qualify.
For information on this program, interested individuals should visit their local VA benefits office. Staff is available to help applicants navigate the program’s complex eligibility requirements and assist with submitting an application.
Assisted Living Bridge Loans
For seniors selling their home or waiting for benefit approval through a federal or state program, an Elderlife Financial Services bridge loan may be a viable option for interim funding of up to 24 months. The loan disbursement can be made as a line of credit or lump sum payment, and application turnaround times can be quick.
Bridge loans have several perks, such as the option to include up to six borrowers on an application, which lessens the importance of individual creditworthiness and increases loan approval odds. Be prepared to provide information about permanent funding for the assisted living program, as the company will require it during the application process.
Contact Elderlife Financial Services at (888) 228-4500 for additional information about bridge loans or to apply.
While the Lakeway Activity Center serves residents of all ages, many of its programs and activities should appeal to seniors. The center hosts a variety of clubs, including bridge, quilting and a men’s breakfast club, and occasionally holds seminars and other educational events, including an Aging Well Expo.
Lakeway Activity Center
105 Cross Creek, Lakeway, TX, 78734
Serving the Lakeway area, the Austin Senior Resource Center offers a place where seniors can get information and guidance about available options and services. The center is sponsored by the Austin Senior Resource Alliance, which is comprised of local professionals from a variety of fields. There is never a charge for information.
Austin Senior Resource Center
1921 Lohman’s Crossing Road, Ste 100, Austin, TX 78734
Lakeway veterans or their surviving spouses can find general support and information about available benefits at the Travis County Veterans Service Office, which is located in nearby Austin. Walk-ins are welcome on Mondays, and staff is available Tuesday through Friday by appointment.
Travis County Veterans Service Office
100 N. IH-35, Ste 2400, Austin, TX 78701
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