As we get older, it is common for us to have difficulties with daily tasks and activities. If this sounds like you, it might be time to move to an assisted living community. However, this is a major decision that comes with many responsibilities and financial considerations. Knowing the costs of assisted living and the available financial strategies to cover them can improve your well-being and give you the confidence to find the best new home.
General Factors that Affect Cost
When considering assisted living options, there are several factors that impact the cost of living. The first is the admission fee, which is typically non-refundable and ranges from $500 to $5,000. Personal care and resort-style communities typically charge more due to their high-end amenities.
Next, the monthly rental fee will vary based on the size of your apartment, such as one- vs two-bedroom apartments. The monthly fee usually covers staff salaries, level of care required, utilities, and other living expenses. Healthcare expenses for medical procedures, prescription medications, therapies, and treatments are paid for separately.
Additional costs may include concierge, transportation, housekeeping services, or if you are living with someone else. Dining options and styles, such as fine dining or restaurant-style dining, can also affect the cost.
Location is another significant factor as prices vary based on the state or region. The cost of living is higher in cities than in rural areas.
Factors Unique to Assisted Living Communities
Assisted living is a type of residential arrangement that offers personal care and specialized health services. The cost of assisted living varies based on several factors, including the level of care needed, the amenities provided by the facility, and the programs and activities offered. For instance, seniors who require assistance with daily living activities may need more care and hence, pay a higher cost for assisted living than more independent seniors.
Our Senior Assisted Living Community
Our Senior Assisted Living Community offers resort-style living with 24/7 assistance and access to therapy services, wellness programs, and medical support. Specialized floor plans and amenities provide a balance between luxury and convenience. A cognitive assessment helps us determine whether assisted living is the right fit for you and the level of care you will require. We aim to provide a safe living environment for individuals who need assistance with activities of daily living, such as grooming, bathing, and medication management.
We highly recommend scheduling a tour to visit any community before you fully commit so that you can better visualize if this is a place you would like to make your new home. Our community offers a 100% Satisfaction Guarantee program, where if you are unsatisfied within the first 90 days of your move, you are free to end your lease and receive a refund.
