Madison Assisted Living
Moving into an assisted living community is a big step for many seniors. Madison is home to over a dozen top quality assisted care communities that place an emphasis on safe, independent living. Long-term care costs in Madison tend to be slightly higher than those nationwide, but luckily, there are plenty of ways to save on assisted living expenses.
The cost of assisted living in Madison
Assisted living communities in Madison tend to be slightly more expensive than the national median. The city of Madison has become a popular retirement destination in recent years due to its rich culture and friendly atmosphere, which has driven up the price of local long-term care. According to the 2015 Genworth Cost of Care survey, the median monthly cost of assisted living in the U.S. was $3,600, while the median cost of assisted living in Madison hit $4,075 per month.
Madison residents can find a range of local rates when it comes to assisted living. Shared 2 bedroom apartments are available for as low as $995 per month at Oakwood Village Prairie Ridge. Madison is also home to luxury-style assisted living communities such as Capitol Lakes Terraces, which offers private studio apartments starting at $5,957 per month. Many facilities offer tiered pricing options to meet the unique needs of prospective residents.
Life in an assisted living community
The purpose of an assisted living community is to provide a safe environment in which seniors can live an independent lifestyle. Most assisted living communities offer shared or private apartment style rooms, often complete with a kitchenette and bathroom. This gives residents the option to cook and clean for themselves. For seniors that require assistance with food preparation, housekeeping or other daily activities, a trained staff is on hand 24 hours a day to help.
Choosing the right assisted living community in Madison, WI
Every assisted living community caters to a different crowd. There are faith-based communities, pet-friendly facilities, gender-restricted living quarters, and many more options. Unlike nursing care, assisted living places an emphasis on independence. It’s important to research local communities to make sure that you find one that will fit with your lifestyle. It can be helpful to talk to friends, relatives and loved ones that have already made the switch to an assisted living community. You can also turn to online ratings for insider advice on which community might suit your needs best.
Every assisted living facility offers different services and amenities for residents. When researching assisted living communities, it’s important to look at what is covered by monthly fees. Most communities include lodging and meals in their monthly fee, while some facilities include additional services. Prospective residents should also look into what long-term medical care options a community offers, such as licensed nursing services or a dementia care unit. You can arrange a visit to any assisted living community for a scheduled tour where a staff member will be able to answer all of your questions.
How to pay for assisted living care in Madison, WI
The costs associated with associated living may seem daunting at first, but even those on a tight budget can find quality care in Madison. Many seniors decide to sell their house and use the proceeds to help front the costs of assisted living. If a spouse or loved one still lives independently at home, taking out a reverse mortgage and cashing out a life insurance policy can help to pay for care expenses.
Long-term care insurance may help to cover assisted living costs, but policyholders should check into what services are covered and what their policy’s payout limits are. Some long-term insurance plans cover just room and board, while more comprehensive policies may pay for additional expenses such as therapeutic or medical care. You should talk to your insurance agent to find out what long-term care costs are covered under your current plan.
Low-income seniors with limited assets may be eligible to receive financial aid through the Wisconsin Medicaid program. This federal-state program can help pay for assisted living costs and other long-term health care expenses. Veterans that are housebound or require assisted care may be eligible to receive government benefits through the VA Aid & Attendance pension.
Madison is home to over a dozen assisted living communities that offer top quality long-term care for Wisconsin residents. You can find out more about assisted living communities in Madison and the surrounding area by visiting SeniorAdvisor.com.
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