Ways to Save Money with Assisted Living Rochester Hills MI - PowerPoint PPT Presentation

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Ways to Save Money with Assisted Living Rochester Hills MI

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If your parents are planning to make a shift from a private home to a senior living home then let us walk you through some of the expenses you and your family will be giving up. – PowerPoint PPT presentation

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Title: Ways to Save Money with Assisted Living Rochester Hills MI


1
Ways to Save Money with Assisted Living Rochester
Hills MI
  • www.stonecrestofrochesterhills.com

2
How to Save Money with Assisted Living Rochester
Hills
  • One of the disagreements that families face
    when introducing the matter of senior living is
    that it can be highly expensive. Prior to making
    a decision you need to give a lot of thought to
    the cost structure of assisted living in
    Rochester Hills. It might be surprising to learn
    that it may not exceed your parents current
    living expenses and in some scenarios, it can
    even be lower.

3
COST COMPARISON
  • There are also several expenses like property
    tax, lawn care, newspaper delivery, home repairs,
    homeowners insurance, utility costs,
    satellite/cable TV and security fees that you
    will no longer need to worry about. If your loved
    one is no longer in a position to keep up their
    home, one option you might be considering is a go
    to an apartment outside of the senior living
    sector. Depending on your location you can be
    looking at rent upwards of 1000 per month or
    without all the facilities that senior living
    communities usually offer. Many facilities offer
    3 meals a day, social activities, enhanced
    security, free transportation and assistance with
    a daily living activities.

4
Transportation Cost
  • When you include all the costs like repairs,
    maintenance, annual licensing fees, gas, auto
    insurance and monthly payments owning a car could
    be a big expense for your parents. If your
    parents can no longer drive then all the expenses
    of transpiration becomes your responsibility and
    that could become an even more costly affair.

5
Caregiver Cost
  • In the past few years the value of family
    caregivers has increased to 500 billion. An AARP
    study indicated that more than 3 quarters of
    family caregivers incur huge amounts of out of
    pocket expenses. On an average, they are spending
    almost 7000 annually in a wide variety of
    categories like personal care items, medical
    expenses, travel expenses, respite services,
    legal costs and household expenses.

6
Cost Structure
  • Usually the cost structure of Rochester Hills
    assisted living centers varies based on the
    required services. Generally, the community care
    facilities are around 4,800 per month. Residents
    who might not have the means to cover the cost of
    care could be eligible for financial aid options
    from state and federal agencies

7
Thank You for Giving Us Your Valuable Time
  • 1775 S Rochester Road
  • Rochester Hills, MI 48307
  • Phone (248) 266-7680
  • Fax (248) 266-7681
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