Worried that Assisted Living in Albuquerque is Too Expensive?

Looking for the best senior living Albuquerque NM offers? Do you need assisted living but worry that it may be too expensive?  At MorningStar of Albuquerque, we understand the concern but want families to know we can help direct them to often overlooked sources of funding. 

However, first, we want you to remember that our senior living community offers a whole new lifestyle.  Monthly fees will include the necessities and much more including a fully equipped private suite, daily meals, and transportation services.  Additionally, each suite includes Cable TV and utilities as well as an emergency call system. We also supply a full range of meaningful wellness programs and fun activities and entertainment.    

One of the sources of income we discuss with potential residents and their families includes the generous “Aid & Attendance” Pension issued by the US Department of Veteran Affairs.  The monthly benefit pays for assisted living to qualified veterans, as well as their surviving spouse. We will direct you to a local resource that can help ease and quicken the application process for “Aid & Attendance.

We also remind seniors to take a look at their Long-term Care insurance policies.  They can help to protect your personal assets by paying for senior care up to the amounts set forth in the policy.  To determine your LTC policy’s coverage, check the Benefits Summary section for specifics on the type of coverage, daily benefit, policy limits and elimination period.  Keep in mind premiums may be tax deductible, and benefits from tax-qualified plans are non-taxable, which makes this option even more attractive.     

Another source of funding to help with assisted living costs can be to leverage your life insurance policies.  Many whole life and universal life policies build a cash reserve through interest-earning excess premiums known as the policy’s “cash value”. 

Before taking advantage of any of these funding methods, please consult with a financial advisor.  MorningStar of Albuquerque’s team is ready to answer questions regarding pricing and availability of our beautiful assisted living and memory care community. 

The unique mission statement of MorningStar of Albuquerque, “to honor, to serve, to invest,” sets us apart from other senior living communities. Our foundation is built upon honoring God, valuing all seniors, and investing in staff with a felt calling to serve. Dedicated to creating a real home for residents within a beautiful setting, we encourage you to learn more about the finest senior living Albuquerque NM has to offer.