Assisted Living May Be More Cost Effective than In-home Care

A recent article in the US News & World Report finds putting mom or dad in an assisted living community may be a better bargain than paying for extensive in-home care. With an average cost of $25 to 27 an hour, in-home care can add up fast. For example, if you want someone with mom or dad while you are at work for 9 nine hours a day for five days a week, you are already spending around $4,500 a month. This still leaves your parents without support on the weekends, and doesn’t include any support for problems which may occur during the night. 

An assisted living community includes room and board and housekeeping services as well as a variety of social, educational and physical activities. It also has 24/7 staffing and suites with emergency call systems, handicap-accessible bathrooms and other modifications.  

If a family feels assisted living would be the best place for a parent but the cost is holding them back, experts say to thoroughly research all available payment options. This can include long-term care insurance and some private health insurance; or social programs such those offered by Veterans Affairs or Social Security Disability Insurance. A San Francisco based executive VP for A Place for Mom, Sue Johansen, suggests families consult with a financial advisor or a trust attorney. 

Remember once you find the assisted living community you want, ask about the difference in pricing regarding room size or floor plan, and/or location in the community (view, balcony, etc.). You will need to factor in annual increases so be sure to ask what those have been over the last couple of years. Also does the community require a deposit or move-in fee or community fees; and what type of notice does your parent need to give to move out?

At MorningStar of Littleton, we are happy to answer families every question big and small. To get you started, our website offers lots of details regarding suites, activities and amenities as well as a whole list of answers to FAQs. Please contact us for more information or to set up a tour to the finest senior living Littleton, CO families can trust. Our community offers independent living, assisted living and memory care.