Fort Worth Assisted Living
A decision to move to an assisted living facility is a personal one. When the decision is made, a period of adjustment should be expected. Even though living arrangements will be different, assisted living communities provide much needed for those needing help. There is a lot to consider when planning the move, from costs to amenities and social activities.
Average Cost Of Assisted Living In Fort Worth
According to a 2015 Cost of Care Survey by Genworth Financial, Inc., the median cost for assisted living in the Dallas-Fort Worth area is $3,894 per month for a one bedroom single occupancy. In comparison to the national average, Fort Worth rates are higher. The survey reveals that the U.S. median for this same assisted living space is $3,600 per month.
What To Expect From Assisted Living
There is no need to succumb to a complete lifestyle makeover when moving to assisted living. These communities realize the value in helping residents maintain a certain quality of life. Along with providing support for daily tasks such as bathing and dressing, many facilities offer basic amenities such as dining services, housekeeping, laundry services, wellness programs and a variety of social activities, on and off site.
There are also options for private living spaces in terms of layout, size and style. With the proper research, assisted living spaces with suitable amenities can be found. Costs may increase with added features and services. The key is to inquire about any costs for desired amenities that are over and above the basics. Also, consider any future needs and determine if potential facilities can meet them.
How To Find Assisted Living Communities In Fort Worth
When it comes to locating assisted living communities in Fort Worth, several top rated neighborhoods, from the Cultural District to the Stockyards, are worthy research starting points. The location chosen is a matter of personal choice. Consider the features important to you such as pet friendly locations or a space within close proximity to parks or shopping.
Be sure to use available resources to locate facilities of choice. Free resources like the Texas Department of Aging and Disability Services can be helpful in pinpointing highly rated assisted living communities. Before making a final decision, be sure to visit top choices and check out reviews from current or previous residents.
Payment Options For Assisted Living
Sometimes there is no getting around the use of private funds to pay for assisted living. Examples of private funds include retirement benefits, insurance policies, the sale of a home, or a home equity based loan such as a reverse mortgage. Benefits from some government programs such as Medicaid and Veterans pensions can be sources of payments. Let’s examine some of these alternatives.
Willing homeowners can sell a primary residence to cover assisted living expenses. If selling is not an option, a reverse mortgage is another way to get money out of the home. With a reverse mortgage, home equity is accessed and used to pay for any expenses, including assisted living. Usually, the terms of a reverse mortgage require borrowers to occupy the home.
Long-term insurance in another way to pay for assisted living. With this option, it is important to weigh the costs of premiums versus the benefits received. It is also important to be very clear on policy terms and payout eligibility. If using this option, premium payments must be kept current.
For qualifying individuals, the Texas Medicaid program may provide support for assisted living. The level of income and assets on hand are key in qualifying for benefits. Medicaid is different from Medicare. Medicare is a health insurance platform for those ages 65 and older or disabled. The program does not cover assisted living expenses. Medicaid provides health care and provisions for nursing home or assisted living. Contact the Texas Health and Human Services Commission for help in understanding eligibility.
The Aid and Attendance Program is designed to provide qualified veterans with financial support for assisted living or nursing home care. Veterans receiving a pension may qualify for additional amounts that can be used towards assisted living. Contact the Texas Veterans Commission for help. There is an application process for this program, but if qualifications are met, working through the process yields the funds needed.
With a variety of communities, Fort Worth can more than meet requirements for senior assisted living. Given this information, you are well on your way to finding the space right for you.
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