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Fortunately, there are numerous ways that you cansave on assisted living costs for your parent.
Avoiding facilities with upscale amenities, like new pools or fitness centers, can help save money.
Both could affect costs and pricing.
As a rough estimate, care typically adds about 25% to thebase room rate.
Memory care tends to cost around 40% more than standard assisted living.
Cromwell recommended that you discuss potential long-term care needs with staff.
Strategically Choose a Room
Cromwell explained that room selection significantly impacts the total cost of assisted living.
Cromwell explained that the size and layout of a room can also impact costs.
Studios and one-bedroom layouts are usually more affordable than larger or more private two-bedroom options.
Additionally, the rooms location within the facility can affect pricing.
Khalsa explained that some facilities arent always fully transparent about their cost structures.
He recommended working with alocal senior living advisor, who can help you get a comprehensive understanding of costs.
These advisors have in-depth knowledge of local facilities and can guide families through the options, Khalsa explained.
This cost difference can be substantial, making certain regions much more budget-friendly without sacrificing quality of care.
The assisted living facility needs to meet your parents financial and personal needs.
Negotiate Prices
Negotiation can be an effective way to save, Khalsa said.
Be sure to also ask if the community offers any price breaks for paying upfront or for referrals.
Explore Government Programs
Cromwell explained that government programs can potentially provide financial assistance with assisted living costs.
Additionally, if your parents care needs increase, their rates will also climb.
Cromwell encouraged families to inquire upfront about the facilitys history ofrate increases and policieson adjusting fees.
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