You have made a life-changing decision to move to assisted living to improve your daily life. By now, you may be a little apprehensive and nervous. There are probably several questions you are thinking such as how much will this cost, how will I find the right community in my budget, how will my life change, and how am I going to pay for all of this. Here’s some reassuring news – paying for assisting living may not be as hard as you think. In this article, we will give you an overview of assisted living in New Orleans and will help you answer some of these questions running through your head as you begin your search for the right community.
Don’t let these numbers alarm you because there is a wide variety of prices based on location and what amenities and services you want. For example, The Atrium Assisted Living offers semi-private rooms starting at $1,000 a month and studios starting at $1,680 a month. The more luxurious Sunrise of Metairie can average around $6,140 a month. You can find several other options that fall between these two price ranges.
You can find a large variety of communities to fit your needs in the New Orleans area. There are faith-based communities, communities located in the city, or even located in rural areas. If you have a pet, there are several pet-friendly assisted living communities. If you want to enjoy the finer things in life, Vista Shores offers luxury assisted living at Vista Shores Country Club with stunning views of Bayou St. John. St. Margaret’s at Belleville resides in the former Belleville School overlooking the Mississippi River. They are minutes away from a ferry to take into the heart of New Orleans for a vibrant adventure. You are sure to find a location and community to make you feel right at home in New Orleans.
Have you taken the time to consider where you want to live? Do you want to find a community in the city, in a rural area, near a park, or near other activities? You also need to determine what community amenities are most important to you. After you decide on location and lifestyle you want, you can begin to focus your search. Next, you will want to start talking to your family, neighbors, friends, or anyone else that might have recommendations or referrals on assisted living facilities. Online reviews are also helpful and provide information you won’t always find on a facility’s website. You can also enlist the help of a local senior advisor. Care Patrol offers seniors placing assistance through expert advisors to help you pick the best facility for your needs and budget. Take your advisor and family members with you when you visit communities as they may provide valuable opinions and suggestions.
The key questions you need answered on each facility is what your monthly bill includes, what services are extra, how much do extra services cost, and how will the community handle your care when your health needs change. SeniorAdvisor’s Assisted Living Guidebook provides an expansive list of questions you should ask including paying for care, residency agreements, social activities, medication and health care, policies, and more.
At first, the cost of assisted living is intimidating. However, when you compare living at home and hiring the same services, the cost will not be as scary. To know the full picture of your costs at home, you need to compare all costs of your homeownership including taxes, insurance, mortgage, upkeep, repairs, and any updates you may need to make in the future such as windows or a roof replacement. In addition to these costs, you need to add the cost of hiring a health aide and housekeeper to assist you with daily life.
You can use cash to pay for your assisted living care if you sell your home and use the proceeds after all fees and taxes. If you do not want to sell your home or do not have a home to sell, don’t worry as there are other options to help you pay for assisted living care.
Don’t count on Medicare or health insurance to pay assisted living costs; they do not cover these expenses. Workers’ disability insurance also does not pay assisted living costs.
Medicaid may be an option for seniors with low-income and limited assets. This federal-state program provides coverage for nearly 4.6 million low-income seniors nationally. To learn if you are eligible or if you wish to apply, visit Louisiana’s Department of Health website.
For seniors who are veterans or are widows of veterans, they may qualify for VA Aid & Attendance pension to pay for assisted living. To be eligible, you or your spouse must have served during a time of war. To learn more or apply, contact your local Louisiana VA office. Don’t be in a hurry for this payment because it can take several months.
If you have a long-term care insurance policy, it would most likely cover your assisted living costs. However, you should discuss your coverage with your agent before you count on this payment. You need to fully understand your payout limits, coverage, exclusions, and limits. For example, some policies only cover assisted living services and not the living expenses. Be sure you pay your bill on time to prevent cancellation. Signing up for automatic bill pay will prevent you from missing a payment and losing coverage.
If you want to keep your home for your spouse but want to pay privately for assisted living, you can check out a reverse mortgage that gives you money based on your home’s equity. You can also cash out some life insurance policies early. These two options do carry tax penalties and fees, so you should discuss with a financial planner or tax advisor.
Now that you know a little more about assisted living in New Orleans, you can continue your search. SeniorAdvisor is a great resource and offers information on top-rated care facilities, reviews from other users, neighborhood guides, and much more.
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