Understanding the Costs

At Enlivant, we understand it’s not always easy moving your loved one into an assisted living community. It’s an emotional decision that comes with financial concerns and questions. How much does assisted living cost? Are there extra fees? Can my mom afford it? Does my dad have benefits that can offset the costs?

How We Determine Fees

There are many variables that affect the cost of assisted living. Location is one factor. Other factors include the level and duration of care, and the types of services. Many other assisted living providers charge separately for services such as bathing and dressing, housekeeping, laundry, and pet care. These extra fees for care or services can add up.

At Enlivant, many services are included in your base rental cost. Our Cost Comparison worksheet shows the services included in our costs.

Comparing the Costs: Assisted Living vs. Living at Home

Keeping a loved one at home and serving as their primary caregiver may seem like a cost-effective way of meeting their needs. Over time, many caregivers find this option actually creates more personal stress and financial burden than other options.

For starters, caring for a loved one requires a large time commitment. Most caregivers spend an average of 21 hours a week taking care of a loved one, according to a recent study. Some caregivers spend more than 30 hours a week taking care of their loved one.

Consider as well the amount of work you are likely to miss due to your caregiving responsibilities. More than 65 percent of surveyed caregivers missed some work, and more than half had lost income due to the demands of providing care.

Before you choose to serve as a primary caregiver, consider the personal and financial strain it may cause.

As you explore assisted living, it may help to see how the costs of staying at home compare with the costs of living at an Enlivant community. View our Cost Comparison worksheet.

Ways to Pay for Care

If you’re considering assisted living, there may be ways to help pay the costs.

  • Selling the Senior’s Home: While this option may not initially seem appealing, selling the home is typically the best source of revenue to help move your loved one into assisted living. The income gained from selling the home can greatly ease the stress and financial burden of paying for senior care.
  • Long Term Care Insurance: These policies typically cover assisted living costs. If your loved one has a long term care insurance policy, check with the insurance carrier to fully understand what costs are covered.
  • VA Benefits: Many veterans and their spouses are eligible for up to $2,000 of tax-free aid per month toward care services, thanks to the Aid and Attendance Pension benefit. Even veterans who were not injured in their service qualify for the benefit — they only need to have served 90 days active duty, at least one of which was during wartime. To find out if your loved one qualifies for this assistance, contact your local VA office.

Need More Help?

Need details on the cost of an Enlivant community near you?  Want to explore how assisted living can be more affordable than living in your current home? We can help. Call us at 1.888.252.5001.

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