As the baby boomers are getting close to retirement age, the demands for various kinds of senior living options are going to increase dramatically. Fortunately, you can mitigate the costs of unnecessary expenditures through proper research and planning when doing your senior living search. These are a few of the important factors to consider when doing your search.
Getting Help From An Advisor
Getting help from a professional senior advisor can help save you money. If you get advice from someone who has experience in looking for senior living, you know that you have experience on your side. Having a financial advisor by your side means that they are going to explain the various options thoroughly, and explain anything about the different options that might be unclear to you. You have probably never conducted a senior living search before, why go in without all the information that you can get?
Understand The Actual Cost Of Care
It is important that you understand the exact level of care that your loved one needs. Assisted living is more expensive than independent living, especially because the type of assessment and care at these assisted living facilities is so much higher. You should always take the specific level of care that your loved one needs into consideration before you decide what is too “expensive.”
Ask About Incentives and Specials
We are not ashamed to ask about incentives and specials in most other things in life, why are we so afraid to ask for the same thing when it comes to long-term care? Many of the incentives and specials are often unadvertised. You might find that they can help you by waiving the community fee or the entrance fee. Alternatively, they might be willing to pay for moving or offer to pay for downsizing costs.
Figure Out Additional Fees
The standard monthly fee that you are cited is often not (just) what you end up paying. Oftentimes you pay a community fee (also known as an entrance fee, or a deposit). These might be non-refundable and are often a one-time fee. Make sure that you understand everything that you are paying for by reading the small print.
Make Sure To Plan Ahead
If you NEED a place for your loved one to stay, you have limited options available. The finer options might have a waiting list, if they are even available at all. This is why it is important that you start doing the research early and check to see what options are available.
If you are starting out early, we recommend checking out some of the options found at www.carltonseniorliving.com. With these options, you know that you will find courteous and professional staff and great living environments.