The idea of assisted living tends to frighten some people.
You’re not only tasked with finding a fitting environment and arranging personal care. You also must figure out how to deal with the associated costs.
It doesn’t help that we’ve seen a spike in senior care costs over the past few years. Whether or not you qualify for Medicaid, affordability can feel nearly impossible.
But, don’t give up hope just yet. There are some tips and tricks you can do to find affordable assisted living in North Carolina. Here are our 5 best strategies.
1. Consider Long-Term Care Insurance
Often times, Medicare, Medicaid, and health insurance are unable to front the entire bill of assisted living. Long-term care insurance (LTCI) can provide you the missing coverage.
LTCI is best for those with anticipated long-term needs. It eliminates the need for large out-of-pocket expenses associated with ongoing care.
Those with LTCI in North Carolina are unable to perform at least 2 of 6 activities of daily living (ADL). Those are bathing, eating, dressing, toileting, continence, and transferring.
2. Do Your Research
Your search for affordable assisted living isn’t something you should put off until the last minute. If this happens, it’s likely you’re going to being paying way out of budget.
So, plan ahead. Be fully aware of your family member’s conditions and abilities so you know exactly what to look for. Planning ahead will save you big money in the long run.
If there is a facility you know you want, jump on their waitlist as early as possible. Conversations regarding senior care need to happen sooner rather than later.
3. Look for Veteran Benefits
Did you know that armed force veterans receive assisted living benefits? Also, these same benefits apply to qualifying spouses of veterans aged 65 or older.
These benefits are intended to offset your aid costs significantly. Also, you’ll never be required to pay back the assistance you receive.
Click here to learn all about aid and assistance for war era veterans and surviving spouses.
4. Go All-Inclusive
As mentioned above, it’s important to be upfront about the type of care required. Some assisted care residents require much less assistance than others. So, an all-inclusive price hub may not be ideal for them.
But, those who need more traditional service are often “nickel and dimed” for every bit of help. That’s going to rack up quite the bill.
So, if applicable, try to find a facility that provides all-inclusive care. Housing, ADL, rehabilitation, and social activities are included in these packages.
5. Share Your Space
You’ll find that many facilities have the option of a shared room space. This can seriously offset the cost of assisted living.
Not only does it reduce your bill, but it also assists with your loved one’s socialization. At older ages, it’s very important to have company as it increases happiness.
Looking for Affordable Assisted Living?
You’ve come to the right place. At Unlimited Possibilities, we believe in just that. Our guests receive individualized personal care that matches their own specific needs.
North Carolina residents- contact us today to learn how we can provide your loved one with an impeccable assisted living experience.