When it comes to making a decision about transitioning into an assisted living facility or retirement community, many people are surprised at how much it can cost. While the high cost of assisted living is something to consider, it shouldn’t be the only factor you in the decision-making process. In fact, assisted living and retirement facilities provide more opportunities for protecting your assets than you might think. You might consider the following ways you might actually be saving money while living in a senior living community, whether it be independent living, assisted living, or skilled care.
Choose your living arrangements wisely
There are a number of choices that can cause your cost of living to skyrocket. If you are making any renovations to your new home, make sure to pay attention to what you are choosing. For example, a one-bedroom apartment can be nearly half the price of a two-bedroom apartment. As you make choices, it’s important to keep in mind what you can afford and make decisions that support your financial situation.
Take advantage of the meal plans
Many retirement facilities offer their residents a meal package. Depending on the facility, this can include anywhere from one to two meals a day. If you or your loved one is used to eating out or paying for a meal service while living independently at home, an assisted living meal plan option could offset some of the cost.
On-campus fitness centers or partnerships
While the cost of assisted living can be shocking, most facilities have a lot of unexpected benefits like free membership to their fitness or recreation centers. Not only is this a good way to stay healthy and fit, but it also allows you to cancel any other memberships you might be paying for on a monthly basis.
Understand what is offered
In addition to accommodations and meal services, some facilities also offer free transportation services, activities, and entertainment opportunities. If your transportation is provided, you might consider leaving your vehicle behind before you move into your assisted living facility. Without the cost of maintaining and caring for a vehicle, the cost of assisted living may become a more feasible option.
At Carespring, we know how difficult financing a move to assisted living can be on our patients. That’s why we strive to give our patients high-quality care in a dignified environment. If you or your loved one is interested in learning more about our facilities in Dayton, Cincinnati, or Northern Kentucky, you can contact our staff here.