Assisted living can offer you a lot of services and care. However, if you aren’t sure what it all entails, you might not know where to start. Questions about cost and amenities are valid as well as finding ways to pay for your care. Jersey City does have a higher than average cost of assisted living, but its proximity to New York and financial assistance can make it easier for you to afford. You can learn more about assisted living in Jersey City with this guide.
Cost is going to be the primary concern for most seniors because long-term care is pricey no matter where you look. The national average for assisted living is right around $3,628 a month, and the median cost in Jersey City is $5,305 per month. Don’t get discouraged yet because there are a lot of options that aren’t as expensive.
Branch Brook Park Manor in Newark, New Jersey currently has a semi-private room listed at $1,700 on SeniorAdvisor.com. There are also listings for a studio at Alaris Health at The Atrium for $3,200 per month. Your total cost will depend on factors like the location of the facility and how big it is. Your price will also change with the amount of services you use and any extra amenities you decide to get.
If you don’t have any experience with assisted living, you might be wondering what it will be like to live there. Fortunately, that is all up to you because each community can accommodate certain needs and lifestyles. If you love pets and want to have one in your new place, look at facilities like Branch Brook Manor. Fritz Reuter Lifecare Retirement Community can meet your needs no matter what stage you’re at in life. They offer independent living along with assisted living and a skilled nursing unit. You really can find anything you need through assisted living.
Once you know what you want from assisted living, you can start looking at your options. Start by asking for recommendations from your family members and close friends as well as neighbors and doctors. You can take their suggestions and search for them online to read reviews of the facility as well as learn more information about each one.
You could also save some time and use a senior advisor. Individual communities hire and pay for senior advisors, so their services are usually free for you or your family members. These professionals will consider your health requirements, lifestyle wants, and budget and then come up with a few places in the area that meet your preferences. They can also visit those places with you.
When you do visit a community, ask to see what their total cost includes. Sometimes some services are extra money, and you don’t want surprise charges at the end of the month. Many places offer a continuum of care to help you if your health needs change, so be sure to ask about that as well. Keep your checklist nearby and don’t be afraid to ask questions. You can use the SeniorAdvisor.com Assisted Living Guide to research questions and learn more about paying for and moving to assisted living.
Try not to get too shocked by the cost of assisted living because the reality is most long-term care is expensive. Even if you think in-home health care is a better option, you still pay for things like your mortgage, homeowners insurance, property taxes, and utilities on top of your health care. Not to mention, you will oversee covering things like broken appliances or maintenance of your house. If you sell your house, you can use the money to pay for your assisted living. If you can’t sell your house, there are still other choices.
Low-income seniors can use Medicaid to pay for their care in an assisted living facility. There are certain requirements you need to meet such as a particular income level, and you can’t own too many large assets other than your house or your car. New Jersey has over 350 certified Medicaid facilities, so there is no lack of options when it comes to your care. If you want to see if you’re eligible for coverage or apply for benefits, you can visit the online page for the Department of Human Services.
Veterans also have a benefits option: VA Benefits and Assistance. This program is for veterans, and their widows, who served the country during a time of war. VA Assistance isn’t only for combat veterans, so make sure you call the regional office to find out what your options for support include.
Long-term care insurance is another financial choice, but only for seniors that already have a policy. There is a good chance your policy covers things like assisted living but double check to be sure. Some insurances only cover things like room and board, and you will have to pay for services with your own money. If you do decide to use long-term care insurance, call your agent to talk about things like payout limits and scheduling a payment plan now. Sometimes seniors, unfortunately, let their coverage lapse because they have a serious illness or a disease like Alzheimer’s. A payment plan now can prevent that from happening later.
Still, need more financial assistance? A reverse mortgage allows you to use the equity in your house to pay for things like assisted living. Keep in mind that you will need your spouse to remain in the home to use this option. You might also be able to cash out a life insurance policy to use the money for your care. Be cautious using either of these options because there are tax and legal consequences. Consult a financial professional or an elder law attorney before you do anything. Keep in mind that you won’t be able to use Medicare, worker’s disability insurance, or regular health insurance to pay for assisted living.
Now that you have the basics of assisted living in Jersey City, you can continue your research on SeniorAdvisor.com.
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