Why Senior Living Series: Is Senior Living Affordable?

The senior living journey can feel daunting and overwhelming. There are many factors involved in picking the right facility for your parent or loved one, whether it’s floor plans, availability, care levels offered, and, among the most important, how affordable it all is. At Atlas Senior Living, our communities want to help and inform you while you are navigating these decisions. 

If you wish to speak to someone right away, we are here to help as senior living experts. Contact us via our web form or call 877-402-8527.

We’d like to expand the affordability question with various options seniors may have where they do not solely have to depend on their income. Some seniors may not have a pension, IRA, or 401(k) fund to use for their retirement.

There are several paths your family member could take to help them cover the cost of a senior living community. Below are just a few of many options seniors have available to them.

Different Financial Options to Help with Senior Living Costs

  • Social Security

Social security programs and what they will provide varies state by state, but this option is worth considering for your loved one to help with costs. 

  • Medicaid

If your senior parent is applicable for medicaid, this type of protection is beneficial to paying assisted living-related costs. Medicaid programs are also administered state-by-state.

  • Veterans Benefits

If your family member was in the military or they are a spouse of a veteran, consider looking into Veterans Benefits for additional financial aid. This program also directly provides assistance with assisted living costs.

What’s More Affordable: Senior Living or Staying Home?

Above all else, when faced with the decision to move a senior parent to a community or stay home, it’s important to consider all of the costs involved. 

If a home isn’t paid off yet, the monthly mortgage bills just add up, in addition to yard work, repair work, and general upkeep. With senior living communities such as Atlas, seniors take advantage of an all-inclusive cost that covers rent, utilities, maintenance, laundry, housekeeping, and more. It’s a financial convenience that residents love!

Your senior parent would also be securing their future in an environment that’s better suited to their care and socialization needs than living at home alone. Our team members care about serving our residents physically, mentally, emotionally, and spiritually. It’s not just medical care our residents receive, but the opportunity to live an enriching lifestyle with like-minded people, fulfilling meals, and many activities available.

If we can help you and your family, we are available for advice and guidance. We’re not here to meet quotas or numbers, but to genuinely assist our greatest generation. Feel free to contact us if you have any questions or would like more information.

About the Why Senior Living series: At Atlas, our commitment is to provide seniors their best life despite any circumstance, even during our tumultuous time with COVID-19. We are providing the information seniors ask about most and through this series, we hope to assuage your concerns and answer your questions fully to show the true senior housing experience.