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Assisted Living Communities in Lake Balboa, California

Our comprehensive listings and authentic reviews in Lake Balboa, CA below include 662 Assisted Living facilities with...

Directory of Assisted Living in Lake Balboa, CA

662 Results


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The Cost of Assisted Living in Lake Balboa, CA and Nearby Cities

US

$4,000

Encino

$3,831

Northridge

$3,628

Van Nuys

$3,250

Panorama City

$2,600

Paying for Assisted Living in Lake Balboa

Assisted Living costs in Lake Balboa start around $0 per month on average, while the nationwide average cost of assisted living is $4,000 per month, according to the latest figures from Genworth’s Cost of Care Survey.

It’s important to note that assisted living rates in Lake Balboa and the surrounding suburbs can vary widely based on factors such as location, the level of care needed, apartment size and the types of amenities offered at each community.

Financial Assistance for Assisted Living in Lake Balboa

Elderly people who receive assisted living in Lake Balboa may be eligible to receive financial help with the cost of care from MediCal, the state's Medicaid system. MediCal's Assisted Living Waiver exists to help low-income Californians pay for the cost of care in residential care facilities. 

While MediCal doesn't cover the cost of room and board, the State Supplemental Payment, which is provided to seniors who receive Supplemental Security Income, can help to cover those costs. 

Learn more about these programs, plus who’s eligible, on ourAssisted Living in California page.

More Ways to Pay for Assisted Living

While many families use their own funds or personal assets to pay for assisted living, there are plenty of additional options to cover these costs. Some additional ways to finance assisted living costs include:

  • Veterans Benefits
  • Life Insurance Policy
  • Long-Term Care Insurance
  • Reverse Mortgage

For more information about different ways to finance assisted living, visit our Assisted Living in California page.

Free Assisted Living Resources in Lake Balboa

Lake Balboa and the surrounding area are home to numerous government agencies and non-profit organizations offering help for seniors searching for or currently residing in an assisted living community. These organizations can also provide assistance in a number of other eldercare services such as geriatric care management, elder law advice, estate planning, finding home care and health and wellness programs.

To see a list of free assisted living resources in Lake Balboa, please visit our Assisted Living in California page.

Assisted Living Laws and Regulations in Lake Balboa

Lake Balboa-area assisted living communities must adhere to the comprehensive set of state laws and regulations that all assisted living communities in California are required to follow. Visit our Assisted Living in California page for more information about these laws.

Helpful Articles

Assisted Living near Lake Balboa, CA

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Caring.com

Caring.com is a leading online destination for caregivers seeking information and support as they care for aging parents, spouses, and other loved ones. We offer thousands of original articles, helpful tools, advice from more than 50 leading experts, a community of caregivers, and a comprehensive directory of caregiving services.

 

The material on this site is for informational purposes only and is not a substitute for legal, financial, professional, or medical advice or diagnosis or treatment. By using our website, you agree to the Terms of Use and Privacy Policy

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