Lexington is home to more than 80 senior living providers and senior care services. The Bluegrass State’s senior care rates are projected to increase over the next five years, but as for now the median rates are slightly lower than the national average. Plus there are several options to help you pay for care whether it is for short-term in-home care or intensive Alzheimer’s disease care.
The costs vary across the different types of care as well as location in the city and surrounding areas. Intensive skilled nursing home care for both short-term and long-term care is typically cheaper when you opt for a semi-private room. In Lexington, a semi-private room averages $217 per day while a private room is $261. The national median rate is $220 and $250 per day, respectively.
Nursing home costs are projected to increase 5 to 7 percent by the year 2020. Assisted living facilities will also likely see an increase of 9 percent in the next five years. The national median rate is $3,600 per month for a one bedroom, single occupancy apartment. In Lexington, the same apartment is more at $3,924 each month.
If all you need is a helping hand for daily chores and errands, an in-home health care aide is a better option. These services are typically paid by the hour. The agencies in Lexington charge about $19 per hour compared to the national average hourly rate of $20. Adult day centers in Lexington are comparable in price to the U.S. average. One day in an adult day center will cost you $70 in the “Horse Capital of the World” and $69 across the country.
With dozens of senior care types available in Lexington, finding one that meets your needs and matches your lifestyle is easy.
If you prefer to stay in your home and only need help occasionally or need frequent non-medical care, an in-home health aide can provide assistance. These aides should be licensed, screened, insured, and bonded. An aide can help with housekeeping, dressing, bathing, toileting, errands, and transportation. These services are usually billed by the hour. Several agencies like Comfort Keepers in Lexington offer respite.
Assisted living communities offer comfortable living with assistance. The communities available can match your lifestyle or your religious beliefs. These facilities usually include meals, dining, and assistance with dressing and other daily tasks. Assisted living communities like Liberty Ridge Senior Living Community also offer special “neighborhoods” for memory care or other residents eventually needing more intensive care.
Skilled Nursing Homes- Skilled nursing care in a skilled nursing facility that is generally covered by Medicare for up to 100 days for each “spell.” Nursing homes are still considered common solutions for both short-term and long-term care, including hospice. Many now recognize the need for cognitive activities to keep the resident engaged for as long as possible.
Facilities like Richmond Place Healthcare Center provide rehabilitation therapy and community dining rooms, libraries, and other common areas. Richmond Place offers its residents a community ice cream parlor. Compare nursing homes online and tour several before committing to one. It is suggested to speak to other residents and their families to make sure the nursing home delivers everything it promises and follows federal and state regulations.
Alzheimer’s Care- Centers like Liberty Ridge offer a separate wing for their dementia residents that require around-the-clock care in a secured environment. In-home care is available, but the stress and physical strain on family and caregivers can become intolerable as the disease progresses. Facilities like The Lantern at Morning Pointe in Lexington are available with specialized Alzheimer’s care. These centers promote programs to improve and engage in cognitive activities with registered nurses administering medication in a timely manner.
Several options exist to assist in paying for senior care. Kentucky’s Medicaid covers care for low income seniors based on medical and financial eligibility. Veterans that served during wartime and their spouses are eligible for the VA Aid and Attendance pension. Financial eligibility is not determined by the value of your home or vehicles.
Your home can also be used as an asset to pay for senior care. If you plan to move into an assisted living facility or long-term nursing home, you can sell or rent your home. Monthly rent payments can serve to cover care. Reverse mortgages are an option, but you should discuss this option with an elder-law attorney before agreeing to any terms.
Retiring in the Bluegrass state can be affordable if you research and compare your options beforehand.
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