The right assisted living community provides your loved one with a wonderful, enriching lifestyle in a safe and secure environment. Such communities provide help, as needed, with the activities of daily living (ADLs) and offer a wide range of stimulating social and recreational activities. These benefits help to make assisted living a popular choice for seniors all around the country. If assisted living seems like a good fit for your mom and/or dad, then there are several steps you need to take to make sure you and your loved one have a solid plan to handle assisted living costs.
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Resources,
Finances and Insurance,
Senior Living Decisions
One of the best gifts you can give your aging loved ones is the gift of knowledge and preparedness. This is surely true when it comes to understanding the various senior care options and their associated costs. By doing research in advance, you rest easier, knowing you’re prepared financially and emotionally when the time comes for mom or dad to access senior care.
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Is it time for your loved one to consider an assisted living community? If so, then you're understandably concerned about the costs associated with this decision. While assisted living costs can be high, there are a range of options to help mom or dad pay for the care they need. Do some upfront research and educate yourself on the different ways to handle assisted living costs.
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Finances and Insurance,
Senior Living Decisions
An important facet of making a good senior living care choice is understanding what each different senior care option costs because misconceptions can exist about the expense of senior care. Let's review the main types of senior care options and their associated costs. These numbers come from the 2014 Genworth "Cost of Care" Research, which analyzed data from over 25,000 providers. It's important to note that care costs vary depending upon geographic location.
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Assisted living,
Independent Living,
Resources,
Finances and Insurance,
Senior Living Decisions
Assisted living is so often completely essential in our senior years, but many of us are caught off guard by the need and taken by surprise. It's understandable that many seniors and their families are concerned by the high costs of moving into a senior living facility. Although assisted and senior living can be very expensive, a little bit of legwork and consultation with the right people will help you understand and deal with the costs.
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Finances and Insurance,
Senior Living Decisions
Hope Assisted Living & Memory Care Center is located in peaceful, quiet Fayetteville, GA less than 20 miles South of Atlanta, GA. The community is focused on providing care and assistance to residents with Alzheimer’s disease and other dementias.
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Assisted living,
Memory Care,
Finances and Insurance
Deciding that it's time to move one of your parents or other loved ones into an assisted living facility can be an emotional and difficult process. In addition to the challenges that come with making the decision and moving from an independent living arrangement to an assisted one, it's also extremely common to worry about how to pay for the care your loved ones will need. Fortunately, there are many funding options that can help you let go of some of your worries.
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Health care costs are a big concern for nearly everyone, including seniors and their families. The Affordable Care Act goes into effect in 2014, and may ease some of this pressure. It has many health care changes that will ultimately affect everyone. Some of the changes are positive, while others will present new challenges.
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Finances and Insurance,
Senior Living Decisions
Concerned seniors worry about paying for day-to-day expenses if they become unable to care for themselves due to chronic illnesses, disabilities or other conditions. According to longtermcare.gov, about 70 percent of individuals over age 65 will require at least some type of long-term care services during their lifetime. They want to be able to receive quality care, live in a pleasant environment and not burden their loved ones. Many Americans fall into the income bracket that does not allow them to fund their long term stay in assisted living, memory or nursing care on their own but they have too many assets to qualify for Medicare/Medicaid. This is when long-term care insurance steps in to fill the gaps.
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Topics:
Assisted living,
Memory Care,
Resources,
Finances and Insurance