Taking Care of Your Senior at Home Might Be More Expensive Than You Think

Moving a loved one into an assisted living facility is one of, if not the most difficult decision to make. After deciding that some level of assisted care is needed for a loved one, you then have to conduct research to find the best senior living community in the Phoenix area. Several factors come into play to help you decide which facility is the best option for the next phase in your loved one’s life. Factors such as types of care and the ratio of caregivers to residents point you in the right direction.

For many people, cost represents the pivotal factor for deciding which assisted living facility to choose for a senior. The average cost of a one-bedroom assisted living facility in the United States runs more than $3,700 a month, with the cost running much higher in metropolitan areas such as Phoenix. However, did you know taking care of your senior at home might be more expensive than you think?

Let’s look at the reasons why.

Healthcare

There is no getting around it: Healthcare costs soar for seniors. If you decide to take care of a senior at home, you can expect healthcare costs to consume a substantial percentage of your budget. According to a study released by AARP’s Family Caregiving and Out-of-Pocket Costs Report, nearly 80 percent of respondents said they incur some form of out-of-pocket healthcare expenses. When the time comes to consider healthcare options at a senior living community in Phoenix, determine whether your loved one qualifies for Medicare assistance to help reduce healthcare costs.

Accessibility

Providing home care for a senior frequently requires an investment in accessibility infrastructure such as an entrance ramp and/or a wheelchair lift. These types of accessibility infrastructure cost a considerable amount of money, along with accessibility equipment like a motorized shopping cart. You can make home care more accessible by moving a senior’s bedroom to the first floor or hiring a state-licensed home care professional, but you still have to pay out-of-pocket for accessibility costs.

Daily Expenses

Unlike healthcare and accessibility costs that take large chunks out of your bank account, daily expenses nibble away at your cash flow until one day you realize that you can save money on daily expenses by moving a senior loved one into an assisted living facility. Daily costs such as food, fuel, and utilities can quickly consume an entire monthly budget before you reach the middle of the month. You might be able to save money on a program such as Meals on Wheels, but in the long run, a senior living community such as MorningStar at Arcadia saves you money on daily expenses.

Time

You cannot place a dollar and cents value on it, but time might be the costliest item on your senior’s caregiving bill. The amount of time it takes to run errands for your loved one, as well as cook meals and wash clothes can make it difficult, if not impossible to meet all your personal and professional obligations. Moving your senior into a highly-rated senior living facility such as MorningStar at Arcadia frees up a significant amount of time.

Find out more about how you can save money on senior care services by moving a loved one into our assisted living facility in Phoenix, AZ.