Out of over 54 million senior adults, only about 4% get the chance to live in assisted care facilities. We are not talking about luxury residential homes, but the modest retirement communities that support private housing and shared living. When people grow old, they need a little help with daily activities. Old injuries, blood sugar problems,arthritis and neuro degenerative disorders can make it difficult for people to get out of bed, prepare food or maintain personal hygiene. Throughout life, people work to make life a little better for themselves and their family. In their old age, they should be able to live in comfort.
How can you find the right senior care facilities for the best prices?
The rising price of commodities and the increasing cost of living is making assisted senior living almost unaffordable to many. US seniors, who have worked for the better part of their lives to save enough for a comfortable retirement, often find it hard to make ends meet. The rising cost of healthcare is not helping the situation either. Finding the right senior living help within a strict budget can be difficult, especially when you are looking for trained nursing services or couple’s housing. However, do not lose hope there are a few things you can do to make your retirement life blissful –
1. Check for price flexibility
The final cost can be negotiable in some places. Some of the retirement communities offer subsidized housing plans from the US Department of Housing and Urban Development. If you are looking for a senior living facility without special memory care, rehabilitation and therapy facilities and dedicated nursing services, the costs will be significantly less.
2. Look at the right place
Some towns and cities can be costlier than the others. Changing your residence is challenging, but moving to a new city to live among strangers can be even more challenging for the 60-something youngsters. Research the area; find the attractions you might enjoy and find out about family living nearby before you make a move.
- Do you have long-term care insurance?
Medicare and Medicaid can help you if you do not have enough savings to pay for assisted living. These are two of the many ways to budget for retirement, but they offer restricted aid. You can make up for the rest by investing in trustworthy long-term care insurance. Estate planning can also help you finance your long-term care needs.
3. Do you have veteran benefits?
Have you or your spouse served in the military? If you have, you might be eligible for several discounts and aids from the government. Contact the Department of Veteran Affairs for more information on the matter.
4. The care type will determine the cost
As we have stated once, the more personalized and critical care you need, the more you will have to pay. If you want the independence, but you do not need 24/7 care, then you will save a lot of care cost.
Nothing replaces research and spot visits while choosing a senior care facility. Many of them provide guided tours to future members and their families. Always pick the one, which you find convenient, budget-friendly and helpful.