Growing older can be a wonderful thing, full of exciting new experiences and pleasures like finally taking that vacation you have always wanted to take or helping to raise grandchildren. However, many seniors eventually require assistance with basic daily tasks like taking a shower or managing their medications due to deteriorating health conditions. These might be indicators that it is time to think about relocating to an assisted living facility.

You have always put in a lot of effort and never had time to unwind because of the never-ending work and household responsibilities. However, this is your chance to relax and take full advantage of your retirement while having additional support available at all times. The staff at Heritage Care Home provides round-the-clock, intensive assistance care and is trained in providing personal care, managing medications, and providing basic medical support. Everything is set up so that you can maintain your highest level of independence and focus on the things that make you happy, such as hanging out with friends, enjoying a delectable meal, developing new hobbies, going on adventures, staying in with friends, discovering new things to do, and so much more.

A difficult and emotional decision may be to move into an assisted living facility. Finding a wide range of confusing fees, contracts, and services when looking up assisted living costs online does not help. You may be thinking:

The good news is that your search is over. Our concise responses cover the most common questions about the cost of assisted living. In order to make the best decision, you should be aware of the costs associated with assisted living.

What is an assisted living community?

Assisted living facilities offer a great deal more than just senior care. They ought to be a place where the responsibilities of daily life, such as transportation and chores, are taken care of so your loved one can continue to be active and involved in doing the things they cherish the most. Assisted living is best understood as a vibrant, active neighborhood that sits between independent living and full-time nursing care. It is ideal for seniors who want to lead the most independent lives possible but need a little extra assistance with some activities of daily living (ADLs), such as dressing and medication reminders.

What is the average cost of assisted living?

Assisted living costs can vary greatly depending on what area of the country you live in. The amenities and room size you choose will also affect how much-assisted living will cost per month. Assisted living expenses range from $2,500 to $8,300 per month. The average cost of hiring a housekeeper and home health aide will be $9,000 per year. A move to an assisted living community is a wise financial move, despite the monthly cost of assisted living initially giving some people sticker shock due to the services and amenities included.

What does assisted living actually cost per month?

The true value of assisted living goes beyond just a new house. To meet your loved one's needs, assisted living facilities provide a wide range of features and services that are included in the monthly fee, such as:

Services for laundry, maintenance, and housekeeping.

The chef prepares healthy meals that are served in the dining area in a restaurant-style setting.

Utilities and fundamental cable television

A full schedule of daily activities that will enrich your life.

Providing transportation for appointments, errands, and other community outings.

Senior-friendly fitness activities and wellness programs.

Emergency call systems or the option of an emergency call pendant.

How do I cover the cost of assisted living?

Every budget can find ways to make assisted living more affordable. Although most seniors pay for independent living with their own money, senior living financing options such as

A bridge loan or senior line of credit:

These short-term, "interest-only" loans assist in covering assisted living costs until the required funds are received.

Deferred annuity with long-term care rider:

The investor contributes a lump sum to a deferred annuity rather than making regular insurance payments. When they need to pay for assisted living, they can withdraw the money without paying taxes or penalties.

Life sttlement accounts:

With the help of a life settlement agreement, an elderly person can offer their life insurance policy to a buyer in return for a lump sum payment.

Veteran's benefits:

US veterans and their surviving spouses are eligible to receive monthly benefits through the Aid and Attendance Benefit to cover the cost of assisted living.

The Heritage care home advantage: affordable, stress-free independent living

Moving to an assisted living community is more than a real estate decision; it is a decision about one's quality of life. The programs, services, and amenities provided by our independent living communities can alleviate stress while increasing pleasure. Heritage Care Home's assisted living specialists are happy to help you with your budget and provide answers to your questions about assisted living costs. Our residents enjoy an active lifestyle in a fair-priced assisted living community at Heritage Care Home. To find out if there is a Heritage Care Home community nearby, download our FREE Guide to the Cost of Senior Living eBook. Contact us to learn more.