As people grow older, they start considering various senior living options in specialized communities. However, one key worry is: will I afford it? So, we decided to tackle the issue of the costs of senior living. You may also consider the cost of respite care Abilene offers as a part time alternative to full senior living.
There are various options to cover for these expenses, from selling property you own, to using your insurance fund or VA benefits. As for the costs themselves, they depend on the type of assistance you need:
- Moving In Fee
This is a one-time fee which is charged when a new resident moves in. It covers the services provided during the transition period, including the work needed to prepare and clean the unit.
- Basic Services
Basic services include accommodation, meals and transportation. These are costs paid by independent seniors, who do not require special medical assistance or help with activities of daily living. This is a monthly fee, payable for the entire duration of residence.
- Additional Services
Additional services charged by senior living facilities include laundry service, general housekeeping in individual units, medical assistance, etc. These are paid only when the respective services are required.
If you know that you require constant medical care, you need to search for a senior living facility that includes this kind of service in its basic fee.
First Posted right here: The Cost of Senior Living
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