A critical step when transitioning to senior living is understanding the costs involved and the financial options available.
The friendly team at Fieldstone Communities can help guide you through the process of making an informed decision about where to move.
Depending on the type of community, the monthly rental fee includes a variety of lifestyle enhancing amenities and use of common areas within the community. An assessment with the nursing team, the resident and their family will determine if assisted living services are needed and the costs associated with those services. Part of creating peace of mind for you is understanding how much you will spend each month and exactly what services are covered. If memory care services are needed the monthly rental fee includes a robust amount of support and amenities.
To help you navigate through the financial big picture, take the time to compare the costs of different living options: living on your own, staying with a loved one or joining a senior living community. Remember the added features and benefits unique to a senior living community, such as emergency response systems, 24-hour staffing, and continual interaction with caring staff and fellow residents.
Everyone’s financial situation is different and it’s important to consider all sources of income that can cover the costs of a senior living community. And it’s always best to talk with a trusted financial advisor who can help customize an approach that’s best for you. Ask them about exploring traditional, real estate, insurance, Veteran’s benefits, and government options like Medicare and Medicaid. Considering these options will help you create a sustainable financial plan and roadmap. It’s also beneficial to inquire about tax credits for seniors and their caregivers.
IF YOU’D LIKE MORE INFORMATION ON WHAT SERVICE IS THE RIGHT FIT FOR YOU OR YOUR LOVED ONE PLEASE REACH OUT TO US.
Our team has additional resources and information and would love to connect with you.