Insurance

Deciding on how much you are willing to spend on an assisted living facility for yourself or a loved one is a very crucial matter. Your budget will determine the kind of services available to you or your family member and the overall facility. Expensive doesn't necessarily mean excellent services; there are affordable costs that provide superior retirement care even beyond the standards of a pricier fancy senior home facility. Because of the wealth of choices for assisted living homes, taking time to take a personal tour or doing research and comparison of prospective choices should be considered by anyone who wants to find the most appropriate living facility to satisfy their personal, social and even medical needs.

If you have no time to personally visit facilities, searching for good retirement homes online can yield as much information and save a lot of time. Many websites can assist you in your search and can even match you to several assisted living homes that fit your budget and preferences including location and the type of dwelling. Just fill in the forms required in any of the sites including your budget range and the preferred location of the facility. The computer will search and match you with a listing of institutions in your preferred locality which have costs that fit your financial capability. You can get several quotes and compare the results of your online search to pick the best value for your money without sacrificing comfort.

On average, the daily cost of living in a facility is $ 1800 to $ 2400 dollars a day which includes only the standard amenities such as the room rent, electricity, water, laundry and meals. The basic cost may include housekeeping services such as putting fresh linens, cleaning the room and taking out the garbage.

Residents who require additional services such as personal attendants, participation in activities, parking and medical attention will have to pay for the miscellaneous charges which can range to an additional $300 to $1200 per month, which can translate to an average total of as much as $4000 per month.

In the United States, payment options for assisted care can be from Medicaid, long-term care insurance or straight from the pocket. Many facilities accept Medicaid, but they will cover the assisted living costs only if the assisted living care is medically necessary otherwise government assistance is denied. Long-term care insurance includes paying for as much as $3000 for annual premiums and one should apply while one is still well to be able to use it when the need arises. The long-term care insurance benefits can be determined on a per-day or per-month basis but when the maximum is reached, additional costs will not be shouldered by the insurance company.

When you want to get the best care for your loved one or for yourself on retirement, assisted living costs need not be too steep to deprive you of the comfort that you deserve. When comparing prices from leading facilities, take time to examine and compare the strength of a program before making a final choice. Assisted living costs can in reality be affordable in any facility that possess first-class service and provide quality home care all at the same time. Go online and find an assisted living institution that will match your budget and located in an area that you can call home.