Saving Money on Senior Care
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How to Save Money in Senior Living
Please call us for FREE help: Finding Affordable Senior Living Finding senior living your parent can afford often takes considerable time and research. In its recent blog post on ways to beat the high cost of assisted living, A Place for Mom offered several other cost-saving recommendations , including: Ask about price flexibility. In some cases, assisted living providers may be willing to negotiate on such costs as move-in fees and monthly fees.
The cost of senior care continues to be a major concern for many, especially with speculation of how the new administration will approach. FOR IMMEDIATE RELEASE. How to Save Money on Senior Care. (ARA) – With America's population aging, billions of dollars are spent each year on senior.
Expand your search geographically. Often the options in metro areas are more expensive that those in the suburbs or outlying areas. The few extra minutes you spend in driving to see your parent may be offset—and then some—by the time you save over your previous caregiving obligations.
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- Understanding Potential Costs.
- How to Save Money in Senior Living | OurParents Blog.
Share a room or apartment. This is a cost-efficient way to move into assisted living—and if your parent is a social person, having a roommate may be a more enjoyable way to experience the senior living environment. Get it right the first time.
Make sure the location you choose is a good fit for your parent—not only for today but for what their subsequent needs may be. Finding the right match from the outset will save you money and provide the best transition for your parent.
Join ElderCareChat on May 17, April 28, at 7: June 9, at 5: June 12, at 9: April 21, at 1: Leave a Reply Cancel reply Your email address will not be published. I have seen plenty of situations where this fee has been negotiated down.
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If you have the luxury of time, shop around and compare room and board and move-in costs. Keep in mind that the best deals or monthly specials on rent may be found towards the end of the month if salespeople are trying to meet a monthly quota.
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- SuperMoney Interview: Affordable Senior Care!
Read the rest of the interview here…. The article goes on to discuss senior discounts, the cost of in-home care vs assisted living , comparing costs and reading the fine print. In my opinion, the best way to prepare for the costs of retirement and long term care is pre-planning.
Pre-planning, regardless of adult age, should contain key components like health directives, financial retirement goals and an understanding of what health care coverage you have. Having a plan in place will save you time and money when it counts. A well-researched plan will also help alleviate some of the stress and anxiety that comes with a crises situation, especially in the face of searching for long term care.
Keep in mind that the best deals or monthly specials on rent may be found towards the end of the month if salespeople are trying to meet a monthly quota. Solve your marriage problems. Page 1 of 1 Start over Page 1 of 1. Finding the right match from the outset will save you money and provide the best transition for your parent. Save your marriage the easy way.
If you are starting the search for Assisted Living, check out my ebook How to Choose Assisted Living Like a Pro for helpful information, tips and mistakes to avoid. From my experience, having a plan is one of the most important parts.
Thanks for these helpful tips!