Retirees in Albuquerque enjoy senior living in a city teaming with senior centers offering sports and recreation activities, trips, art exhibits, support groups, and special events. Senior care services and providers also offer this atmosphere to aging seniors or those needing an extra hand. The city and surrounding areas provide more than 177 senior facilities and providers. In many cases, the cost of senior care in Albuquerque is lower than the national average.
If you or your loved one needs an extra hand, home health aides are available at a reasonable cost. The median hourly rate is $21 compared to the national average of $20. Home health services provide aides from a few hours a week to all-day care several days per week.
According to the Genworth 2015 Cost of Care Survey for New Mexico, assisted living facilities are lower than the national average which is great news for seniors looking to retire to a community of like-minded people. The monthly national average for a one bedroom, single occupancy apartment is $3,600. In Albuquerque, that same room averages $3,125 each month. Skilled nursing facilities are generally chosen for their rehabilitative care. The national median rate for a semi-private room is $220 per day. A private room across the nation is $250 per day on average. In Albuquerque, a semi-private room is $217 per day on average. A private room averages $247 per day. Nursing home rates are projected to increase by as much as 3 percent by 2020 in Albuquerque.
As you research and compare the types of care available in regards to your specific needs, you will find prices vary across locations in the city.
Home health aides and agencies provide extra help around the house. They can also provide respite care and intensive non-medical care allowing you or your loved one to stay at home longer. Aides should be screened, insured, and bonded. In-home care typically includes help with dressing, bathing, meal preparation, errands, medication management, and light housekeeping. Some agencies like Apex Home Health Services also offer financial counseling and advice regarding Medicaid, Veteran’s benefits, assisted living communities, skilled nursing homes, and Alzheimer’s care centers.
Assisted living communities combine Hispanic, Latino, and Native American cultures with individual lifestyles or religious beliefs to create senior communities to fit everyone. You can find assisted living facilities that offer continuum care and memory care for Alzheimer’s disease and other dementia disorders. Many facilities, like The Woodmark at Uptown, provide residents with activities, devotional services, indoor and outdoor common areas, on-site beauty salons and barber shops, dining, as well as 24-7 access to both nurses and doctors. A few facilities keep a dentist available and allow small pets. Make sure to research assisted living facilities that offer the lifestyle closest to what you are used to living.
Skilled nursing facilities are similar to assisted living communities, but offer more intensive around-the-clock care and rehabilitative services. Hospice is available at many locations. Daily cognitive activities are offered to help keep seniors engaged as they age. Whether you require short-term care due to a stroke or fall, or long-term care, a nursing home can meet your needs with skilled staff.
An elder-law attorney or financial counselor can advise you about the options available to fund senior care in Albuquerque. Medicare will cover some home health services, but will only cover short-term skilled nursing care in a skilled nursing facility for up to 100 days per incident.
Low income seniors can apply for New Mexico’s Medicaid program through the Bernalillo County Human Services Department office. Medicaid pays for the majority of medically necessary care at a skilled nursing facility.
The VA Aid and Attendance pension is available to veterans and their surviving spouses. To qualify, you must have served in a branch of the armed forces for at least 90 days during war time. Vets age 65 and older are automatically eligible without proof of disability. The financial requirements do not take your home or vehicles into account.
You can use your home as equity. Firms now offer reverse mortgages to seniors to help pay for senior care. Seek counsel before agreeing to any loan documents to make sure you understand all of the stipulations to avoid foreclosure.
If you will need long-term care, consider selling or renting your home. The monthly rent payments may be enough to pay your monthly co-payments at a facility. With so many senior living activities, events, and communities available, Albuquerque is the place to retire.
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