Assisted Living Costs

For many elderly people, getting assistance with certain aspects of their daily life is important. However, different people have different needs and requirements. Some seniors need medical help at all times, while others need someone to help them in case of a medical emergency. For many seniors, it is important to have someone to help them in their daily activities, while others need someone to help them once in a while. For that reason, there is no one-size-fits-all solution as far as assisted living facilities goes. There are various kinds of senior living communities and senior care homes that offer different types of assisted living services. So when trying to figure out what kind of assistance your loved one requires, it is important to know your options.

So what are the different assisted living costs?

Assisted living costs vary considerably between various senior living facilities across the country and even in the same city. Generally, the monthly rental can be anywhere between $2,800 and $7,500, including the luxury amenities that all seniors enjoy. While there are some less costly assisted living options, the monthly costs can be too high for many families. Some of the factors that determine the cost of care include the facility itself, the amenities and the services offered.

If the costs are too high for your family, bear in mind that you can seek financial help through channels such as Medicaid, veterans’ benefits and long term care insurance. You may want to consult an expert regarding whether your loved one qualifies for help from any of these channels. Eligibility will differ, but your family member can enjoy the enormous benefits once approved. If your loved one has bought long term car insurance, the costs can be offset through the assisted living facility.

In some scenarios, the sale of your family member’s home can be channelled towards paying the monthly cost of an assisted care facility.