One of the first questions people usually have about assisted living cost and how they will pay for it. With the range of monthly costs being $2,000 to $4,000, this question and concern is understandable. The following are some of the ways that people pay for their assisted living housing and communities.
Using Savings to Pay the Cost of Assisted Living
Assisted living cost includes both rent and services. If the person has sufficient savings built up, they are able to use it to pay for this. Of course, this will require quite a bit of money saved to cover this type of housing for long term care.
Some people have long-term care insurance, which is specifically designed to cover assisted living cost. The only problem is that this type of insurance isn’t common, so not many people have it.
And of course, by the time someone needs this type of insurance, it’s often too late to get it. The best time to purchase a long-term care insurance policy is during middle age years.
If someone has been paying on their home for a number of years, he or she probably has a good amount of equity available. Taking out this equity can help pay for the expenses. However, this can be a challenging solution. Since selling one’s home can be quite emotional, most people do not like this option. And creating an equity loan against ones home can feel like your going backwards financially after years of paying off a home mortgage.
Renting Your Home
When selling your house is too stressful, consider renting it out to someone. If you’re able to rent it for more than the mortgage or if your house is paid off, you may be able to bring in enough money to pay for the rent in the community.
Asking Family Members
Those who have a large family may have their loved ones cover the assisted living cost. When the cost is broken up between many people, it’s much more manageable. This is especially true if combined with some of the other options, such as retirement, savings, etc.
Seeking Lower Assisted Living Costs
Since these communities can range in prices depending on where they are located, it might be a good idea to shop around to look for a less expensive option. Once that option is found, the person can use their savings, support from their loved ones, or some other way to pay for it.
Assisted living cost may be covered by Medicaid in some states. Since Medicaid is only available to people who have little to no assets, it’s important to find out if you qualify before seeking this type of housing option.
Turn to ElderCare Connections for your Cost Options for Assisted Living
ElderCare Connections offers older individuals options for elder care services and housing. Contact us today for more information on different assisted living communities in your area. We are a free referral service, and our specialists truly care about your wants and needs when they help you find your new home.
Assisted living services may be a better choice for some people rather than being in a nursing home. We will be identifying the reasons for this, and then help you understand which one is best for you or your older loved one.
The Differences Between Nursing Homes and Assisted Living Services
Nursing homes are places where people live in a room with 24/7 staff assistance. Meals are provided in a common area, along with some social activities.
There may be a doctor and/or nurse on staff to help with any medical needs during the rehab process, or a medical professional may drop in each day for check-ups.
Assisted living services provide people what they need while they remain at home. The main difference from nursing homes is that they there isn’t care 24/7. The older individual will remain at home, and people will come to the home to help the person.
For instance, meals may be delivered to the home. Some meal delivery services may provide hot meals, or they may be frozen and need to be heated. A nurse may come visit each day for a check-up and check on medications. A senior living assistant may come each day to help with cleaning and tidying up the living area, and help with activities of daily living, such as bathing and other hygiene needs.
The benefit of assisted living services is that the person stays in his/her home, which can feel much better and be much less stressful than living in a nursing home. And generally less stressful living amounts to more healthy living. And of course healthy living is one of the main goals, so assisted living services may be the preferred choice.
However, there are times when someone does need to rehabilitate at a nursing home facility.
Why Someone Needs a Nursing Home Facility
The following are the reasons someone should use a nursing home facility for rehabilitation:
● The rehabilitation process may need to be monitored much more closely requiring medical assistance quickly if anything goes awry.
● The person is not able to heat up meals in the home safely, especially during recovery.
● Medications need to be administered.
● The home is not appropriate in size and decor, and can be a fall risk as the older person is recovering.
When Assisted Living Services Can Help
The following are when assisted living services are better suited for an older individual:
● The rehabilitation process is not risky and the person only needs medical monitoring once a day or every other day.
● The person is able to take medication independently.
● Meals can be delivered warm or the person can warm up his/her food.
● The home is not a safety hazard for the person.
It really has to do with the level of care the person needs during rehab.
How ElderCare Connections Can Help
If you’re wondering how ElderCare Connections can help, contact us. We can review you and your loved one’s exact needs during rehabilitation and see if assisted living or a nursing home would be best. We are experts when it comes to senior placements services, so you can trust us to help you choose the best care during this time.
Your loved one is getting older, and he’s not the same as he was last year. You’re concerned for his safety and well being. As much as you want to take on the care responsibilities he needs now in life, it’s just not feasible. You know that assisted living care is what he needs, but how do you get other family members including your older loved ones to agree?
Let Them Know About Assisted Living Care
Most people do not know what assisted living care truly means. They may have thoughts about it, but those thoughts are not accurate. If they truly understood it they may be more open to the idea.
Explain to your family members that assisted living is a service, which provides individualized assistance to people. This means that people only receive the help they need.
When an assessment determines the need, then the “care service” will start. As the person grows older and needs additional support, the service will expand to include it.
Assisted living care is the most basic form of assistance for older individuals. People still live independently, but they have someone who is available to tend to their needs so they can continue to live safely. And as needed will have access to good health care.
Tackling the Money Issue
Besides not knowing what it is, most people disregard the service because of the expense. It does cost money to have someone care for an older individual, but this money is used in a way that saves others a lot of time, energy, and well-being.
Care giving is a challenging work. And it’s work that doesn’t pay when you’re doing it for a loved one. The work can be physically, mentally, and emotionally exhaustive. And with time, this can be highly detrimental to a person’s physical and emotion well being, which could end up costing more money than the cost of assisted living care. The stress of caring for an older loved one can lead to illnesses that need to be treated by a doctor, so then you are incurring extra medical bills. If the illnesses are bad enough, the caretaker must take time off work. Sometimes, caretakers try to cope with the stress of caring for someone by eating more, drinking more alcohol, or smoking more cigarettes, which then increases spending while negatively effecting a person’s health.
The money spent on assisted living is well worth it in the short term and long term. Family members who do not understand often do not know the perils of care giving and should take time to help to understand or read our blog to know what it truly takes to care for someone.
Explaining all of this to your family members as well as older loved ones can help put the expense in perspective.
Reach Out for Additional Help for Assisted Living Care
Eldercare Connections can help you with the process of getting your family comfortable with the idea of assisted living and the care you need. We can provide additional information that will make sense to your family, and possibly open their eyes and minds to the great need for these services. Please reach out to us now by calling 513-685-8998 or contact us.
When looking for additional care for your older loved one, you may find it difficult to understand the differences between assisted living homes and managed care. We hope to help you with the following information.
About Assisted Living Homes
Assisted living usually involves a community. Each person who lives in the community lives independently in their own home, but they have assistance nearby if needed.
When someone joins an assisted living homes community, they are part of a program. This program will assess the resident’s needs and come up with a plan based on those needs.
For instance, if someone simply needs meals and medication monitoring, the staff will deliver meals and check on whether medication has been taken correctly. If the person needs more assistance, it can be given up to the level the community provides.
The goal assisted living homes and communities is to help seniors remain independent for as long as possible.
About Managed Care
Managed care helps people remain in their own homes with services. This may be home care or adult day care services.
People who are in need of help living in their home, but do not need 24 hour assistance, are best suited for this type of program. The person’s needs are assessed just like in assisted living, but they do not have to move to a community. They simply have people come to their own home to help them.
Managed care may include nurse visits to check vitals and medications. A senior care specialist may also visit to pick up and clean the home, as well as help the older individuals with bath and hygiene tasks. Also meals may be delivered, and transportation may be scheduled for medical appointments.
The Main Differences Between Assisted Living Homes and Managed Care
The main differences between assisted living and managed care are:
● Assisted living homes provide assistance 24 hours a day – managed care only provides drop-in home services.
● Older individuals have to move out of their home for assisted living, but can stay in their home for managed care.
As you can see, these two options are similar, but differ in big ways. It really has to do with the level of independence someone is able to have while still remaining safe and healthy. Knowing what that level is can be difficult. Getting recommendations from a professional is often the best thing when trying to make this important decision.
ElderCare Connections Helps You Make Informed Decisions
Deciding on senior housing, whether assisted living homes or managed care is right for your older loved one depends on his/her needs and can be difficult to understand which is best. ElderCare Connections provides specialists ready to help you understand which type of assistance will provide your loved one with the care needed to live this stage of life with as much freedom as possible while remaining safe and healthy.
Our placement and referral services are free. So give us a call today at 513-685-8998 or complete the contact us form.
It can be difficult to know when it’s time to make the move to assisted living communities. After living independently for so long, it can feel uncomfortable to admit you need help. What’s important to keep in mind right now is that this is a normal part of life, and that seeking help with certain areas of your life will create a better life going forward. And it can make things even more difficult trying to understand the many housing options available to seniors. Below we address some things to consider when trying to determine if it’s time to make the move.
Safety is an important consideration. If you’re not able to live in your senior home safely, moving to a community where people are available to help you is the best decision.
Many people risk their lives every day because they refuse to seek assistance. They may cause a fire while cooking, or end up leaving the water running somewhere in the house and slipping. These situations are life threatening, and there’s no reason anyone should take the risk when assisted living communities are there to help.
What’s great about assisted living communities is that you are still living independently. You don’t lose all of your independence, but instead, you receive help with what you need. If you need more help down the road, you can get it. These communities are highly based on only what you need.
Medical Monitoring in Assisted Living Communities
Do you often feel afraid that something may happen to you and no one notices for hours or maybe even days? If so, medical monitoring is something you could use in your senior housing options search.
Many of these communities will include checkups as part of their services. They can check on you multiple times a day, once a day, or every couple of days – whatever makes you comfortable. This way you never have to worry about being hurt and alone for a long time.
Also, many communities will have a system that allows you to alert someone if you have fallen or feel extremely ill. This system connects to the office that is part of the community, so someone can come assist you in a matter of minutes.
Having the peace of mind that when you need someone, a person will be there to help you can be so reassuring. This is an important consideration when trying to determine your future senior living options.
Growing older can be lonely. Family members are busy with their lives. Close friends may have passed or moved away. The problem is that social interaction is more important than ever in your Golden Years. Research has shown it can increase longevity.
A great way to have more social interaction is to join a community where people are in the same stage of life as you. Assisted living communities are for people who still wish to live alone, but they just need some help at times. If this sounds like what you need, you know you’ll be around others who are at this same stage of life.
Many of the communities have scheduled events you can attend. If you’re not interested in attending events, you can meet people by just walking around the community. You can socialize in any way that is comfortable for you.
Are Assisted Living Communities for You?
To help you determine if assisted living communities are right for you, contact Eldercare Connections today at 513-685-8998. We offer a free referral service to help you find the best assisted living communities in your desired area. Give us a call now for more information, or complete our contact us form.