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How to Save Money on Assisted Living Costs

St. Louis Assisted Living

Assisted Living provides peace of mind knowing your parents are independent yet have help with their daily needs. However, it can sometimes be shocking how expensive this level of care can be.  The good news is that there are several ways to help save on these costs allowing your loved ones to be able to move into the Community you desire!

First Step – check out our Free Step-by-Step Senior Housing Guide – this information can provide more details on what makes Assisted Living so unique, basic first steps, questions and planning guides.  You will want to develop a checklist of features that are important to you and your loved one, such as amenities or safety features.

Second Step – research and tour communities to really see how they feel and operate on a daily basis.  This is a crucial step of the process and one that I encourage you to not overlook.  With COVID concerns, many communities are now offering virtual tours to accomodate!  Be sure to double check the communities state licensing to ensure they are to date on their certifications.

Third Step – ask about flexible pricing structures, or specials!  Many people think you can not negotiate senior housing costs, however that is incorrect.  Talk with the communities – many run monthly or seasonal specials to attract and encourage move-in’s.

Fourth Step – check secondary financing options such as VA benefits, loans, reverse mortgages, and or life insurance policies.  Be sure to schedule a meeting with your parents financial advisor to see what their latest financial standing looks like and how it can be adjusted to fit their new needs of healthcare.

Fifth Step – work with a senior care concierge service such as Senior Living Experience!  We can offer low moving packages, provide services just for Seniors and this life transition, as well as sell your parents home quickly and for the highest market price available.  We have been working with families just like you and have moved over 200 Seniors to date!

Check out the video below explaining ways to Save Money on Assisted Living Costs!

 

For additional tips and advice on planning for Senior Living – be sure to check out our e-workbook, Home-to-Home: Senior Planning Workbook.