- Finding the Right Option
- What Level of Care Do I Need?
- When is it the Right Time for Senior Living?
- How Do I Find the Right Senior Living Community?
- Financial Planning
- Average Cost of Senior Living
- Helpful Financial Resources
- Understanding Medicare Coverage
- Veterans Benefits
Average Cost of Senior Living
If you’re new to the world of senior living, one of the first questions you probably want answered is, “How much does it cost?” While it’s wise to do your research and get a general idea for how much you can expect to pay for senior living, it’s also a hard question to answer without digging into your individual circumstances.
There are several variables that go into the final price. Things like the city or region you choose, whether you have a large and private apartment or a companion suite with a roommate and how much care you need on a daily basis all play a role in the total cost.
The Cost of Each Care Level
The cost of senior living varies depending on things like geographic location and community amenities. But one of the most significant variables is the level of care.
Independent living communities are a great experience for seniors who want to enjoy a fulfilling lifestyle, but how much does it cost?
Moving into an assisted living community is the beginning of a wonderful new adventure, and it may be more affordable than you think.
Memory care is a highly specialized form of care, and there are several options available to help you cover the cost.
Living in a continuing care retirement community (CCRC) sounds great, but can you afford it?
Whether you need short or long-term skilled nursing care, there are a few things you need to know about the cost.
Options for Different Budgets
We know that the cost of senior living may come as a surprise to some people, but what if you could raise or lower that price based on your individual circumstances?
The good news is that you can.
If you want to adjust the total cost of senior living, you can ask yourself questions like:
Do I really want a private, two-bedroom apartment, or would I rather pay less for a companion suite and live with a roommate?
Is it a priority for me to live in a trendy, desirable city, or would I be just as happy in a more rural or suburban town?
Have I always dreamed about living on a golf course, or am I okay with choosing a community that has a golf course within driving distance?
The cost also varies depending on the type of care you need. If you need more specialized care like memory care, you can probably expect to pay more than someone who is moving into an independent living community where there are convenience services but no care is provided.
Personalized Service System
If you’re looking into one of our assisted living or memory care communities, our personalized service system is one of the many ways that can affect your costs. Because we provide custom care that is designed to meet your specific needs, you only have to pay for the services you need. As your needs decrease or increase, your plan and its cost do too. This gives you the chance to live the life you want while only paying for the care you need.
If you or a loved one are a veteran, you may have benefits you didn’t even know about.
Now that you know the cost of senior living, how do you pay for it?
For certain health care services, you can use Medicare to cover some, if not all, of the costs.