Page Reviewed / Updated - Apr. 2019
This guide is intended to help seniors and their loved ones anticipate some of the costs that come with many forms of senior living in Venice, Florida. It is also meant to help families find the financial resources they may need to pay for senior living. For more information and helpful links, please read through our comprehensive guide to paying for senior care in Florida.
The cost of senior living in Venice is generally just a little higher than the average cost for the state of Florida, according to the 2018 Genworth Cost of Care Survey. The slight premium Venice seniors pay for residential care applies across all levels of service, with the monthly difference ranging between just a few dollars to several hundred. Assisted living, for example, costs an average of $3,874 a month in Venice, which is $374 higher than the $3,500 Florida seniors pay on average.
Venice and Florida's senior living costs are at their closest in-home care. Home care costs $3,813 a month in Venice, while the state average is only $9 a month less, at $3,804. At the far end of the difference, adult day care can cost an average of $1,907 a month for Venice seniors, while the Florida average is just $1,463. Another large gap exists between Venice and the state average in nursing home care. In Venice, a semi-private room costs seniors an average of $8,669 a month, while similar accommodations across the state run to $8,152, a $517 a month difference.
Note: Senior care cost data wasn’t available for Venice, so the data for the closest city, North Port, was used.
Venice has moderate costs for assisted living by the standards of other Florida cities. Venice seniors pay an average of $3,874 a month for assisted living, which is very close to the middle of the range with the other cities surveyed. Port St. Lucie is the closest city to Venice in assisted living cost, at a monthly average cost of $3,620.
Miami, Orlando and Tampa are all significantly less expensive than Venice. Assisted living in Miami, for example, costs $3,350 a month, while the average costs in Orlando and Tampa are $3,275 and $3,250, respectively.
Some Florida cities are significantly more expensive than Venice. The most expensive city for assisted living services among the cities surveyed is Tallahassee, where seniors pay an average of $4,339 a month. Jacksonville and Pensacola are close to the state capital for cost, at averages of $4,425 and $4,096 a month for assisted living.
Seniors in Venice pay an average of $3,813 a month for home care. This is close to the high end of Florida's cities, but it is not quite the most expensive location surveyed. Tallahassee and Orlando, for example, both cost an average of $4,004 a month for assisted living, while Tampa runs a close fourth place behind Venice, with monthly costs for home care of $3,718.
Several cities in Florida are less expensive than Venice for seniors who need home care. Services cost an average of $3,480 a month in Port St. Lucie, for instance. Other relatively affordable Florida cities include Miami, where seniors pay an average of $3,337 a month, making this the least expensive city surveyed for home care. Jacksonville and Pensacola are not far above Miami in price. Home care in Jacksonville costs an average of $3,670 a month, while monthly costs in Pensacola average $3,575.
Venice is close to the top of costs for adult day care. This service costs Venice seniors an average of $1,907 a month, tied with Tampa for the second-highest spot among Florida cities. Only Jacksonville averages higher costs for adult day care, with a monthly average of $2,080. Jacksonville is also the only surveyed city to break the $2,000 a month mark for adult day care.
Miami and Pensacola are both intermediate among Florida cities' adult day care costs. Both cities report identical average costs of $1,408 a month for adult care. This is just under $100 less per month than the average cost in Port St. Lucie, where monthly prices range up to $1,517 for the same level of care.
Tallahassee and Orlando are outliers on the spectrum of affordable Florida cities for adult day care. In Orlando, monthly costs of care run to an average of $1,300, while the capital city has the lowest prices surveyed, at just $1,246 a month for adult day care.
Venice tops the list of expensive Florida cities for nursing home care. A semi-private room for seniors in Venice can cost an average of $8,669 a month. Only Miami, which also averages $8,669 a month for nursing home care, matches Venice. Tampa and Orlando are less expensive than Venice for nursing home care, but not by much. Monthly costs for seniors in Tampa run to $8,319, while Orlando seniors pay an average of $8,106 a month for nursing home care.
Other Florida cities are all hundreds of dollars a month less expensive than these cities. Tallahassee, for example, reports an average cost of $7,817 a month for nursing home care. This price, $7,817 a month, is exactly the same as in Pensacola. Port St. Lucie is less expensive than these cities, but it is still very close, at $7,756 a month. Jacksonville is the least expensive city surveyed for seniors who need nursing home care. Costs here run to an average of just $7,118 a month for a semi-private room in a nursing care facility.
Seniors in Venice with low income may qualify to take part in Florida's Medicaid program, which is a joint state-federal entitlement program. This means that all seniors who qualify for the program are entitled to receive benefits with no enrollment limits or waiting periods. This program acts as a state-subsidized health insurance system that helps cover some or all of the cost of senior care in Venice. Since 2014, the Florida Medicaid program has covered costs for all levels of medically necessary senior care, including assisted living and home care, in addition to the more medically oriented services, such as nursing homes, that were covered prior to the 2014 abolition of Medicaid waivers in the state.
Around the time Florida's Medicaid waivers were eliminated, it became possible for Venice seniors to enroll in the Statewide Managed Medicaid Care Long Term Care (SMMC-LTC) program. This program acts as a managed care system, like a state-funded HMO, that offers comprehensive care for Florida's low-income seniors. The SMMC-LTC program covers a range of senior services, including:
SMMC-LTC benefits are generally self-directed. This means that benefits are disbursed as vouchers or direct payments to the benefit recipients, who can then pay out program subsidies with a great deal of discretion. This puts seniors in charge of hiring, firing and other payroll decisions. The intent of this system is to empower seniors to take control of their own care and direct it in ways they are most comfortable with. The SMMC-LTC program allows Venice seniors to employ friends, spouses and family members as caregivers.
Florida's SMMC-LTC program is also an entitlement. As with the state Medicaid program, this also means that all seniors who qualify for the program are admitted to the system for benefits. Enrollment is open all year round, with no waiting periods or other impediments to accessing care.
Venice seniors who wish to apply for the SMMC-LTC program must meet certain non-financial criteria to be eligible. These requirements can be complicated to understand, which is why it is always best to speak with a Medicaid intake worker during the application process. Applicants for the SMMC-LTC program must be:
Florida's Medicaid program uses federal poverty guidelines as a starting point for determining financial eligibility for applicants. These change from one year to the next, but the 2018 standards were to limit applicants to a maximum of 300 percent of the Federal Benefit Rate. This is $2,250 a month, or $27,000 a year for individual seniors in Venice applying for themselves. Allowable income doubles to $4,500 a month for married couples, regardless of who earns the income and how much each spouse makes. Income can be counted from virtually any source, such as wages, pension payments, dividends from investments and pensions.
Medicaid also looks into applicants' assets before making a determination as to eligibility. In 2018, the asset cap for individuals was $2,000. Some assets are not counted against this limit. For example, the first $572,000 in home equity is considered non-countable for the purposes of the program, as is the total value of a single car. Spouses of seniors going into some form of residential care are allowed to possess assets worth up to $123,600 without an enrollment penalty.
All of these assets are counted if they are currently owned, or if they have been owned in the five years prior to applying for benefits. Florida's Medicaid program uses a five-year "look back" period to average out the net worth of new applicants. The intent is to prevent applicants from transferring or selling their assets at below market rate in order to meet eligibility criteria. Applicants who are found to have done this, and then to have fraudulently applied for low-income health insurance through Medicaid, may be subject to penalties that include, among other things, exclusion from the program for a given time.
Seniors in Venice who need benefits are not necessarily ineligible if they do not meet the Medicaid income and asset standards. A Medicaid intake specialist, or an estate planner or other professional like a senior adviser, may be able to find income trusts and other non-countable shelters for income and assets that would otherwise put the applicant over the allowable maximums.
The Optional State Supplement (OSS)
The Optional State Supplement (OSS) helps seniors in Venice pay some or all of the cost of senior living in the area. OSS benefits come in the form of a cash grant that is paid out to seniors who qualify for the program, and who may live in either an assisted living community or in an adult care home.
Respite for Elders Living in Everyday Families (Project R.E.L.I.E.F.)
Project R.E.L.I.E.F. is a no-cost respite care provider that operates around the state of Florida, with branches in the Venice area. There are several benefits Venice seniors can get from this program, including in-home supervision for disabled and memory-impaired seniors, caregiver assistance for some tasks, such as moving a senior or for work around the house, and temporary care to allow regular caregivers a break from the demands of their work. Services can be delivered almost anywhere the senior lives, including at home or in assisted living facilities.
Alzheimer’s Disease Initiative (ADI)
Alzheimer’s Disease Initiative (ADI) cares for seniors in Venice who have Alzheimer's disease and some other memory disorders. The initiative provides centralized respite care at registered facilities for terms of up to 30 days.
Community Care for the Elderly (CCE)
Community Care for the Elderly (CCE) is a benefit that helps cover some costs of senior care for Venice seniors who are not on Medicaid. This non-entitlement program can offer adult day care, disposable medical supplies, personal care assistance and occasional legal advice regarding estate, medical and other legal matters for seniors.
Home Care for the Elderly (HCE)
Home Care for the Elderly (HCE) provides direct financial support for Venice caregivers who need help paying for their seniors' basic needs. Program funds arrive as a cash stipend that can be used to pay for medically necessary items, such as braces, walkers, shower chairs and other accessories that may not be covered by other aid programs.
|Low-Income Home Energy Assistance Program (LIHEAP)||(941) 954-4673||LIHEAP is a federal program to help pay energy bills for low-income residents. This program uses the Federal Benefit Rate to establish eligibility. Venice seniors may apply through the Sarasota Salvation Army in person or by phone.|
|Program of All-Inclusive Care for the Elderly (PACE)||(561) 868-2999||PACE helps Venice seniors manage some of the cost of in-home care. To be eligible, seniors must qualify for placement in some form of residential care, but be willing to age in place with program support. Some income and asset restrictions apply, and applications can go through an intake worker at a local office.|
|Comprehensive Assessment and Review for Long-Term Care Services (CARES)||(866) 880-4080||CARES is a federal program for Venice seniors looking for a place in a residential care facility. The program operates free in-home health and needs screenings to determine the optimal level of care each senior needs. For Venice residents who could thrive under an age-in-place plan, the program can help locate a caregiver for seniors who don't have a preferred person to act in that role. Applications are generally submitted by phone.|
|Florida Office of Housing and Community Development ||(941) 951‑3640||This office develops and grants funding for low-income senior housing in the Sarasota County area. Venice seniors can get cash benefits to help cover the cost of renting in the area through the Housing Choice Voucher Program. Applications are made in person, at a local office, or by phone.|