Senior Living costs

The key to evaluating the costs when choosing which path is right for you is knowing the factors involved.

The first important point is the average cost, which can vary from state to state. Tools such as Genworth’s Cost of Care Survey can assist in obtaining a general idea. It outlines the average daily, monthly and annual costs of a private one-unit in an assisted living community. It provides information state by state.

Here are the lowest and highest results for 2019 when it comes to Senior Living costs:

• Missouri Daily Cost $83 Monthly Cost $2,537 Yearly Cost $30,438
• District of Columbia Daily Cost $220 Monthly Cost $6,700 Yearly Cost $80,400

Types of Senior Living costs

It is also important to understand the types of Senior Living, and how they relate to cost, and level of care and supervision. This infographic provided by SeniorLiving.org illustrates the interrelationship of these two, as well as the spectrums involved (where the options fall on a scale between two opposite points).

As you can see, Nursing Homes are located on the high end of both spectrums.

Some Things to Consider When Evaluating Cost to Levels of Care

While In-Home Senior Care is the lowest level of cost, should a situation arise that requires a transition to a Nursing Home, the difference in cost needs to be factored in. If possible, purchase a health insurance policy that offers coverage for long-term care and assisted living care. And if the senior is the home-owner and has a reverse-mortgage, at the time they move out or die, the lender presents the family with an opportunity to purchase the home or it is sold. Keep in mind that this happens as soon as the last homeowner leaves the home – including moving into assisted living.

If you have ample resources, a continuing care retirement community (CCRM) can be an ideal choice. As your needs change, they can be met in one community. These communities offer residential living (with lots of social opportunities), assisted living, skilled nursing, and memory care. Plus you can rest easy knowing you have priority access to on-site health care.

Assisted living helps residents who need extra support with activities of daily living— preparing meals, bathing, dressing, managing medications, or other assistance. It’s a great way to get the care needed while still enjoying the full community lifestyle.

If you require 24-hour attention due to chronic illness, memory care, or other health issues, one of our high-quality Nursing Homes offers personalized care plans to meet those needs. We also provide short-term rehab designed to get you back on your feet.

Top Nursing Homes

Our Nursing Homes strive to preserve dignity while providing compassionate, secure 24-hour assistance. Expert medical staff and professional caregivers develop individualized care plans to ensure each resident enjoys the most fulfilling lifestyle possible. The exact cost is presented and reviewed with you (or your loved one) at any point in the process.

We have top nursing homes within CCRM facilities, as well as facilities set up strictly as a nursing home. Ault care expenses vary, but understanding and knowing what each facility offers can be a start to picking the right senior care.