Daily Archives: December 26, 2014

The Cost of Assisted Living

Nowadays, the cost of assisted living is one of the biggest concerns for potential residents and families. In addition, the expense of long-term care sometimes seems daunting. United Methodist Homes advises individuals to consult with an estate planning or elder law attorney to get the need information based on their situation. Here are few tips to get you started, have a look:

Depending on the types of service you need, monthly assisted living costs vary. And depending on the care you need, you can expect to spend between $3,000 and $9, 000 a month which can also include:

•    A daily meal or meals
•    Housekeeping/cleaning services
•    Building and apartment maintenance services
•    Utilities (water, gas & electric)
•    Security is provided at all our communities
•    Access to community enrichment activities

There may also be a small admission fee which goes toward the costs of establishing the programs, helping with move-ins, and setting up care services for new residents.

Financial Requirement

Financial qualification is mainly based on age and care needs. It is a myth that moving into assisted living means losing all your assets including a home. At UMH, while determining financial eligibility, we review many factors. Although your home may be a part of these factors, you do not need to give up ownership of your house. However, if the value of your house was used as part of your financial qualification you will be required to maintain that asset to pay for your stay.

Financial Support

Qualified individuals can receive support from government programs for the costs of long-term care and assisted living whereas veterans may qualify for Aid and Assistance programs, which can pay at least some of the costs of assisted living. Please note there are eligibility requirements for government assistance.

UMHNJ has assisted living communities throughout New Jersey. To find out more about our assisted living services and care, visit http://www.umh-nj.org/

Leave a comment

Filed under Uncategorized