What does assisted living cost? Figuring that out for the facilities and communities near you is probably a top priority if you’re planning for long-term care. It is essential information for long-term care planning for senior.
What does assisted living cost? Figuring that out for the facilities and communities near you is probably a top priority if you’re planning for long-term care. Whether it’s for you or a loved one—and whether it’s needed now or in the future—it’s important to understand the costs in order to develop a plan for how to pay for assisted living. After all, the reality is that most people are going to need some level of long-term care in their later years.
In fact, 70 percent of people who are turning 65 years old can expect to use some long-term care services in their senior and elderly years.1 So you want to be sure that you or your loved one can afford to pay for high-quality care whenever that time comes. Developing a care plan now means that you’ll be more prepared and ready for the transition when it’s time to move into assisted living.
Start by researching affordable assisted living facilities (ALFs) that offer what you need. The fees that ALFs charge depend on many factors, such as the setting, style, and services. Settings range from small facilities to large activity-based communities. Some are more basic, and others are posh and luxurious. The available services and amenities also vary between facilities, as do the types of units. You may find facilities with studios, one- and two-bedroom apartments, or shared units.
Every facility that you come across will offer something different. That means their prices and fee models will also be different. But it’s easy to get important information that can help you create a budget, decide which pricing models are best for you, and find ways to save money and secure funding.
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Source: Assisted Living | Gardenia Care