Oftentimes, whenever independent living is brought up, cost becomes the focal point of attention. While this is certainly understandable, it should never prevent older adults from getting the care they need for quality of life.
In fact, many seniors who look into long-term independent living communities don’t think they’ll be able to afford it. Unfortunately, the costs and fees associated with senior living tend to overshadow the many benefits, services, and amenities that independent living communities offer.
To help you get a better understanding of retirement communities and all that they entail, join us as we discuss value versus price, the average cost, and more.
The Cost of Independent Living: Value vs. Price
Moving to an independent living community is a big step. After all, you or your loved one is likely leaving a residence of many years to go somewhere completely new. Not only are the surroundings different, but so are the neighbors and way of life.
As such, the costs of independent living aren’t necessarily cheap. As mentioned, this is often the deciding factor for many people. But you have to look at senior living communities in the same light as you would if you were buying a new home or vehicle.
You’re making an investment, and with that investment comes living costs that need to be accounted for. But more importantly, you’re paying for the peace of mind of safety and security.
Unlike assisted living communities, independent senior housing offers a greater sense of freedom. You won’t find ongoing skilled nursing care or memory care, for example. But you will find independence. And for many seniors, that’s the most valuable part of independent living communities.
What Does Independent Living Include?
You can look forward to having access to helpful services designed to make your life easier once you move into an independent living community.
Whereas assisted living programs and nursing homes are centered on continuing care, retirement community services provide assistance to active residents who are capable of handling most of their own personal care.
The residents in a senior living community can look forward to getting help with home maintenance, yard work, housekeeping, laundry, transportation, and more.
Dining Options and More
Although the care independent living provides doesn’t require residents to be given three meals a day like assisted living, many offer dining options. Seniors can pay for their meals in advance, as well, if they should choose to do so.
What’s more, the living options in independent living communities differ from those found in assisted living programs. Housing is typically in the form of apartments that come with convenient amenities found in other traditional apartment buildings.
These include on-site laundry, maintenance personnel, and the other aforementioned services, such as assistance with housekeeping or transportation.
Some communities even have game rooms, theatres, bars, and more. These kinds of amenities ensure that seniors have plenty to do on a monthly basis. In addition, many of the apartments are equipped with entrance ramps and other accessible conveniences.
Is Independent Living Covered By Medicare?
While Medicare can sometimes pay for certain short-term care expenses, it does not pay for the costs associated with independent living. Instead, there is a monthly fee that you will be responsible for in order to live in a retirement community.
What Is the Average Cost of Living in a Retirement Home?
Depending on where you live, living in a retirement home can cost between $1,500 and $4,000 per month. While this may seem like a lot, it is considerably less compared to the fees involved with living in an assisted living facility.
If your income isn’t enough to cover the required rent, you might consider looking into a CCRC (Continuing Care Retirement Communities). CCRC is a fee-for-service program that helps aging seniors get into long-term living communities.
Whether paying rent or an entrance fee, CCRC may provide the solution you need to get the care you deserve.
If you need help finding the right living arrangement or have questions about the cost of independent living, we encourage you to contact us at Mary T., Inc. Our specialists are more than happy to aid you in your search. We’ll ensure that you get into the best place based on your age, health, and needs.