For those researching assisted living communities, it’s important to understand how pricing works. Many assisted living providers charge a la carte, with fees that can vary widely based on the services needed. These typically include an upfront deposit, a base monthly fee for housing, and additional care service fees that can add up quickly. Many people also mistakenly assume that Medicare will cover assisted living costs. However, Medicare only covers skilled nursing care under specific conditions, leaving a significant financial gap for those who may eventually need assisted living services.

So, how can you plan for this expense, and what options are available to make assisted living more affordable? Let’s dive into what you need to know.

How to Cover Cost of Assisted Living

Assisted living is a significant expense, with costs varying by location and level of care. While Medicare may not help, there are other ways to cover these costs:

• Long-Term Care Insurance: If you have long-term care insurance, your policy may help cover assisted living. Older policies often only cover nursing homes, but most modern policies include assisted living, in-home care, and nursing care.
• Out-of-Pocket Costs: Many people pay for assisted living out-of-pocket, which is why planning for these expenses is so important.

CCRCs: A More Affordable Option in the Long Run

One way to manage the cost of assisted living – and plan for future care needs – is by choosing a Continuing Care Retirement Community (CCRC) like Buena Vida Estates. CCRCs provide a full continuum of care, from independent living to skilled nursing care, all within the same community.

Residents benefit from predictable costs and the peace of mind that comes with knowing their care needs are covered as they age.

At Buena Vida Estates, assisted living is available as part of our all-inclusive community. With a base cost of around $3,400 for one person (and an additional $1,700 for a second person), this monthly fee covers not just the cost of care but also meals, housekeeping, transportation, and a vibrant social community – all included. This predictability can be a game-changer for retirees who want to ensure they’re financially secure, no matter what their future care needs are.

Why Planning Ahead is Key

If you’re waiting to move into assisted living, understanding the true costs of care could be eye-opening. Assisted living can be a significant financial burden if you haven’t planned for it. But by choosing a CCRC like Buena Vida Estates, you can ensure your future care needs are met with no surprises – giving you both affordability and peace of mind.

Learn More About Your Options

Want to understand how Buena Vida Estates can help you plan for your future? Contact us to learn more about our all-inclusive pricing and how we provide high-quality, affordable care for every stage of life.