The average cost of assisted living in the United States is around $3,628 in per month. The cost can be hard to believe to those unfamiliar with the factors that are responsible for determining that price tag. Starting from the amenities to room size and zip code and also the level of care can drive either high or low the cost of assisted living.
Medicare cannot cover up the bill unless the expense of assisted living flows from the need for short term rehabilitation. The cost of assisted living can is a good idea when compared to the high cost of nursing home care needs in every month. The average cost of living in the United States, for instance, is related to the $3861 price tag of owning a home health aide which is nearly double the adult dare care costs per month.
The amount of money you will pay for assisted living just as for real estate prices and general housing depends on various factors from the level of care you will want to the services you need to the apartment size. In addition to that, depending on the geographical area the cost of assisted living can vary.
Ways to save for assisted living.
The following are some of the tips you will want to consider when saving for a assisted living.
1. Apartment share.
Most assisted living residences do provide two-bedroom apartments. Even though a shared living situation is not ideal for everyone, sharing an apartment can save up to 20% in a single unit. Thus, can save up to $8000 in a year. Sharing an apartment increases not only the living space but also separates the sleeping and socializing areas. Moreover, many people view having a suite mate as a social benefit.
2. The level of care.
An assisted living community provides a service contract that stipulates the degree of care needed by the resident. The standard of attention mainly lists the services needed by the residents and the cost of the services. Some communities, for instance, provide care on the as-needed basis and all-inclusive package, therefore selecting an ideal level of care can save a lot of money in a month.
3. Leave the city.
Because of the increased costs of living and the higher real estate values in urban areas the same quality and level of care usually cost more. Locating an assisted living residence not far from your city can reduce the expenses by as much as 25% in a month. Besides that, this approach offers an increased personal space found in rural or sub urban assisted living communities. In addition to that, the rural assisted living communities are made particularly for this purpose, while the urban residents are regenerations of top existing properties.
4. Leave the state.
Significant cost variations exist in assisted living in almost all states in the US. Different state regulations play an essential role in addition to the local cost index. This fact helps families in small states and those living in the states close to borders locate assisted living communities in the states near by hence saving money. This approach may also benefit families with adult children staying in different countries.
