Assisted Living Costs and Ways to Pay

As you’re weighing senior care options for yourself or an elderly loved one, cost is likely a top deciding factor.

Depending on what level of care care your loved one needs, assisted living can be much more affordable than long-term in-home care or nursing home care. The monthly rates assisted living communities charge can vary widely depending on the location, amenities offered, level of care required and other factors, and typically range from $3,000 to $6,000 on average, according to Genworth’s 2018 Cost of Care Survey.

The cost of assisted living can seem overwhelming at first glance. However, compared to the average cost of a nursing home ($5,000 to $10,000 per month) or in-home care (about $4,000 per month for 40 hours of care per week), assisted living is often one of the more affordable and convenient options if your loved one doesn’t need close medical supervision.

Read on to learn more about the cost of assisted living and important steps you can take to make this type of care more affordable……….

Assisted Living Costs and Ways to Pay

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