The decision to move out of your home and into an assisted living location in Indianapolis can be quite a large and emotional transition. Many people will wonder what day-to-day life will be like as well as the costs associated with this type of community.
Assisted living is a unique type of care that is not as intensive as nursing home care, but still provides seniors with support when it is needed. Some of the services offered at this type of community include:
Transportation services Activities for residents Meal preparation two to three times daily Help with activities of daily living such as bathing, dressing, eating, etc.
Getting to know more about the Indianapolis community can be quite beneficial when trying to make the decision of where to live.
Approximately 10.98 percent of the population in Indianapolis is currently over the age of 65 and this number is continuing to grow.
There are 38,875 assisted living beds in the state of Indiana.
There are 843,780 total people over the age of 65 in the state, which equals to approximately 39 beds per 1000 seniors in the state.
When searching for assisted living communities in the state of Indiana, you will find each one offers a number of different amenities. It is important to consider what is most important to you when searching for a location, since this will impact the cost of care.
In Indianapolis, the minimum cost of assisted living care is $2,650, with the max cost being around $6,225 per month. The average cost of these facilities is $3,925. Yearly, the cost will likely be around $47,100, which is slightly higher than the national average of $43,200. The cost of this care is projected to increase by approximately 1% in the next five years.
No two seniors are the same, which means their needs in an assisted living facility are also going to be different. Taking some time to consider the options that are available will help ensure the right location is found.
It is a good idea to schedule a tour of the locations that are being considered. While visiting, ask some questions to get to know about the services and costs that are going to be charged. Some questions to ask include:
Does the community charge a flat rate for all services, or do they offer a la carte items?
Is there an option for additional care in the future?
Are there planned activities for residents of the community?
Is transportation provided for residents?
Asking these questions will help you or your family get a feel for the community and if it is right for them.
Since the cost of assisted living can be so high, it is a good idea to look for some savings and discount options to help pay for the care. One option is to share the room with another person. Other options include:
Selecting a smaller facility where costs are lower
Minimizing the needs of living
Utilize life insurance options
The good news is there are more than a few options available to save on the costs of assisted living and looking into them will likely be well-worth the effort.
When searching for assisted living facilities in Indianapolis, it is easy to be blown away by some of the high costs. However, it will likely cost less than hiring someone to come to your home, while also covering taxes, insurance, bills and other home ownership related costs.
While Medicaid may cover some of the costs associated with assisted living, this is not a program that is designed to address long-term care costs. There are some other options. For example, the senior can sell their home and use those funds to pay for their living costs. They can also consider a reverse mortgage, which is something that is only offered to seniors. Finding new methods to pay for the services and care that is needed is a priority for seniors who need to find a quality assisted living facility.
There are also additional organizations in the Indianapolis area that can assist military veterans, including Aid & Attendance which is a monthly benefit that is tax-free for veterans and their surviving spouses. The amount of help provided is highly dependent on the veteran’s actual financial situation but can provide additional help to pay for the costs.
Find assisted living in Indianapolis near you.