Tips For Affording An Assisted Living Apartment


If you are an older adult who is no longer able to live completely on your own without help, you might be thinking about assisted living. Assisted living apartments are in senior communities where help is available for things like preparing your meals, cleaning your home, and even receiving some limited nursing care services. Unfortunately, the apartments can also be quite expensive. These tips will help you afford your assisted living apartment.

Apply For a Bridge Loan

You may be attempting to sell your current home in order to have the money you need for assisted living. However, if your home isn't selling quickly or you need to move immediately, this might not work out great for you. Instead of struggling to go through your savings while the house sells, ask your bank for a bridge loan. This provides money to you while your house is on the market so that you can pay for what you need, such as your rental costs at the assisted living community. When your home finally does sell, you can use part of that money to pay back the bridge loan and keep the rest for further assisted living and healthcare costs as they come up.

Reconsider the Location

The geographical location of assisted living communities changes the cost of living dramatically. While it isn't ideal, you might need to choose a different city. If the current city you live in is a little too expensive, consider traveling a little bit out of the way to an area that costs a little less. While it depends on the city or state you live in, the suburban areas of big cities tend to be a little more affordable than assisted living apartment buildings right in the middle of a bustling city. Choose a community that offers transportation services so that you don't have to worry about getting to where you need to go.

Use Your Current Insurance Policy

Depending on the type of insurance you have, you might be able to get some benefits for your assisted living costs. For example, if you have a long-term care insurance policy, it may help with some of your assisted living costs. It probably won't cover all of the costs, but it can help reduce what your out-of-pocket costs are. You may also be able to get help from a Medicare or Medicaid insurance policy. If you are a veteran, that can also get you some coverage for assisted living costs.

For more information about options for affording care, begin contacting local assisted living facilities like Harmony Residential Care. They can work with you to figure out how you can afford the care you need. 


6 April 2016

Recognizing Great Nursing Home Amenities

When I started looking for a care center for my mother, I decided that I needed to learn a little more about nursing home amenities. I wanted her to be in a safe, happy, fun place, but I didn't know what to look for. To make my search easier, I picked up a piece of paper and a pen and started calling different facilities. I made a list of all of the exciting, new features that places were offering, and then I showed the list to my mom. I let her decide where to stay and what she wanted to do. This blog is all about recognizing great nursing home amenities, so that you can keep the people that you love happy and content.