According to a survey conducted by Genworth Financial in 2017 and published by the US News & World Report, “the median monthly cost for an assisted living community is $3,750 (costs vary depending on the community) – totaling $45,000 annually.” They add that long-term care by a home health aide tops $4,099 monthly or nearly $50,000 annually.
The fact that many assisted living facilities are actually less expensive than seniors choosing to live in their own home and bring in a team of caregivers to provide the services they need surprises many people. The reason for this is so many of the services a senior pays separately for to stay at home are included in the cost of assisted living.
Assisted living communities such as MorningStar at Arcadia eliminate the costs of such things as property taxes, property insurance, condominium maintenance fees, and 24-hour security. You no longer need to pay for lawn mowing, snow removal, and other repair and replacement costs. Also, as a resident of MorningStar, you will no longer need to buy groceries and prepare meals as we take care of food prep and serve three daily meals restaurant-style. Moreover, each suite is equipped with a 24-hour emergency call system, and weekly housekeeping and daily trash removal are part of our services.
Other features offered by many assisted living communities including MorningStar at Arcadia are free entertainment and ready-made socializing. With a wide selection of wellness programs, activities, and special events and outings, residents at our community can stay as busy as they like. In addition, onsite amenities such as a movie theatre, chapel, fitness room, library with a computer, and more adds to the convenience as well as the value an assisted living community can offer.
MorningStar at Arcadia has 80 private assisted living suites and 30 secure studios devoted to the specialized care of those with Alzheimer’s disease or other forms of dementia. We are dedicated to providing the best senior living Phoenix has to offer, and we encourage you to visit our website for more information.
MorningStar at Arcadia represents the best in senior living with a unique mission statement “to honor, to serve, to invest.” We have built our foundation on honoring God, valuing all seniors and selecting staff with a felt calling to serve…all of which contributes to creating a true home for residents amid a beautiful, serene setting. Please contact us to set up a tour to see firsthand the finest senior living Phoenix offers.
Sources: health.usnews.com/wellness/aging-well/articles/2018-10-10/how-should-i-finance-assisted-living
aplaceformom.com/planning-and-advice/articles/assisted-living-in-home-care-compared
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