How Much Will It Cost?
The average cost and range for apartments in rental independent living, assisted living and Alzheimer’s/dementia care communities depends on several things — like services and the care being offered. Prices vary by community.
A good place to start is to first understand your current living expenses. When living at home, you make separate payments for things like food, utilities, home maintenance, property taxes, insurance, travel, entertainment and healthcare. Thinking of all these expenses together is a good way to begin to understand the monthly costs associated with living in a senior living community.
While many people start their search thinking about the apartment, they soon realize their decision focuses primarily on the services that will be received. With senior living, the Basic Monthly Service Rate (BMSR) typically includes:
- Restaurant-quality dining based on your menu selection, with friendly servers and an enjoyable atmosphere.
- Housekeeping chores, such as cleaning your apartment, changing linens and laundering clothing.
- Transportation options for medical appointments, shopping, education and entertainment.
- Health and wellness programs, such as our Be Fit exercise classes and other activities.
- Well-maintained common areas for socializing with friends.
- Emergency response and staff who are available 24 hours per day, 365 days per year for Assisted Living and Memory Care communities.
Affording the Cost: Senior Living and Assisted Living
At Aspen, we understand the challenges that can be presented by the economic environment, especially for those who are otherwise ready for senior living, but are uncertain how best to pay for senior living and assisted living costs.
Aspen will help you make the move to the retirement lifestyle you want or need with program recommendations and third-party senior living financial options that provide the financial flexibility you need to afford a great lifestyle, or to simplify your payment choices.
The next logical question may be: How can I afford the cost of assisted living and other types of senior living communities? As mentioned above, there are a number of existing programs and third-party senior living financial options that can assist you with the cost of assisted living, independent living and other types of senior living.
Financial Resources Than Can Help
Listed below are a number of financial resources that will help you in planning how to cover your senior living and assisted living costs. These resources include available programs and third-party vendors that provide the financial flexibility needed to enable you to enjoy this new phase of your life.*
Veterans Aid and Attendance Pension
The Department of Veterans Affairs provides the VA Aid and Attendance Pension to eligible wartime veterans and their surviving spouses. This benefit can offset a significant portion of the long term care and/or assisted living costs in a Aspen senior housing community. Depending on your situation, the benefit ranges from $1,094 to 2,019 per month and is tax free. Ask your Aspen sales associate to introduce you to a provider that will discuss the VA’s eligibility criteria with you.
Ask your Aspen sales associate to introduce you to a provider that will discuss the VA’s eligibility criteria with you.*
Patriot Angels
You don’t have to navigate the Aid and Attendance pension program alone. The team at Patriot Angels specializes in helping Aspen Veterans and their loved ones figure out what financial assistance options are available to them through the Veterans Administration. Whether you need help with your application or determining eligibility, the team at Patriot Angels will work with you to get you funding as quickly as possible, and with the least amount of stress.
For specific details and a free eligibility screening, contact Patriot Angels at 844-757-3047.*
Paragon Home Resources
If you’re planning on making a move, then Paragon is an excellent resource. They provide support with managing or selling a home, buying a home, coordinating the sorting and distribution of all belongings and other helpful services. Through their national network, they can assist you during every process of the home buying, selling and moving experience with the opportunity to earn a cash back reward. Here are some of the many services they offer:
- Selling or buying a home
- Selling a home with full service management
- Moving, sorting and donating belongings
- Property management and maintenance
- Home loans and consumer services
If you want to learn more about them, visit www.paragonhomeresources.com *
Harbor Life Settlements
Harbor Life Settlements helps seniors get cash out of their existing life insurance policies – fast! You can sell your policy and stop paying skyrocketing premiums, prevent lapsing on your lifelong investment and get the money you need now. You get the full payment and can use the cash however you want, including long-term care. We can offer 10-60% of the policy face value – many times what the insurance company or other brokers may offer. We do this quickly because we have shortened the life settlements processing from 3-12 months to less than 2 weeks, with a qualifying policy illustration. Let us help you capture the value of your policy before it is too late. For exact details and a free 5-min qualification call, contact Harbor Life Settlements directly at 800-981-0610.*
Automatic Debit Program
Those who qualify can take advantage of Aspen’s Automatic Debit Payment Plan, which enables you or your family to pay your apartment and service fees each month directly from your bank account. No paper bills to clutter your home; just one easy payment.*
Shared Suites
For the budget conscious individual or for those who want companionship, Brookdale communities can help match you with a roommate to share living costs and apartment space in our communities.*
* Information on this page is for general purposes only and is not intended to be a substitute for financial, legal, tax, accounting or other professional advice.
