Seniors may become increasingly incapable of taking care of themselves. Likewise, their families have a hectic day to day schedules rendering them unable to provide them with care. Therefore assisted living came about to alleviate this responsibility from the families to a skilled labor that strives the joy and happiness of our loved ones. Average cost of assisted living The cost of assisted living in the U.S varies because it is affected by different factors. For instance, the level of care a senior citizen may require depends on the needs of this particular individual. A resident that is in need of verbal instructional care or a lot of medication pays more compared to one that does not need any specialized care. An institution's geographical location matters a great deal regarding the amount of money a dependents family will have to pay for their care. In the U.S the cost of assisted living facilities varies with state. A survey conducted by Genworth in 2016 found that the state with the highest assisted living rates was District of Colombia with rates of upwards of $ 6700 per month followed closely by Alaska and Massachusetts averaging $5550 per month. Oklahoma, Georgia, and Alabama ranked among the lowest with rates averaging $2700 monthly. Other factors such as the amenities preferred or necessary to the resident including laundry services, transportation to the doctor and a common room for socialization costs more. Ways to save for assisted living for a resident to enjoy their stay at an assisted living facility, they need to have planned for it about their specific needs. Some of the ways families and soon to be dependents can plan for their stay are; • Cost cutting and budgeting family can start budgeting for senior care by cutting costs in other areas that inflate your budget. Examples are dinner outings, having an extra car and the likes. • Caregiver tax credits It is a scheme under the Tax aide program in the U.S that qualifies you and the people you are caring for to get tax credits helping you save some more for the assisted living in the future. • Interim living arrangements Parents can move in with you as you gradually digress the advanced living option. It can be initiated gradually by first having it on a part time basis as Home health aide saving you a lot of money for when an advanced living will be necessary or unavoidable. • Medicaid This method is unorthodox but works for many families in the U.S. A parent can give away their property to members of the family to get their assets low enough to qualify for Medicaid that qualifies only those with less than $2000 in assets. Conclusion In summary, If you are looking to put your loved one in a cheaper option such as adult day care it is fine however, the concept of assisted living offers an alternative to this option and to the conventional nursing homes in the U.S so as to ensure the old enjoy quality of life even in their twilight years.
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