There is no one-size-fits-all senior living option. The cost of senior living in Boca Raton, FL, varies greatly depending on your needs, budget, and location. In this guide, we’ll talk about some factors that affect how much you’ll pay for an assisted living facility or nursing home.
What Is Included In The Monthly Rent?
Your monthly rent covers the cost of your room and meals. It does not include the cost of medical care or personal care services, transportation to and from the community, or utilities. You will be responsible for paying these costs on top of your monthly rent.
The total cost of your stay at an assisted living community may vary greatly depending on many factors: whether you choose a one-bedroom unit or a shared space with another resident; if you have meals included in your rate; if you need help with daily activities such as bathing, dressing, and grooming (this is called “personal care”). All senior living communities must offer some form of assistance if needed by residents but they are not required by law to provide all services listed above under these categories without additional charges.
Is There A Monthly Service Charge Or Similar Fee?
A service charge is a flat fee that all residents pay into a common fund. This money helps to cover the costs of shared spaces, such as lobbies and recreational areas. Stated another way, it’s not insurance—it’s an additional cost for living in an apartment community.
Service charges can be based on either the size of your apartment or on how much rent you pay each month, or they may combine these factors into one sum total. Service charges are not optional; they’re simply part of what makes living at an apartment complex affordable compared to living in your own home!
Are There Extra Fees For Housekeeping, Laundry, Meals, And Other Services?
You may be surprised that many senior-friendly communities charge extra for services that were once included in your monthly rent. For example, some senior-friendly communities offer housekeeping or laundry services, but you may have to pay extra. If you want these amenities and they are separate from your contract, ask the community what they cost before signing any contracts. If you don’t like the answer and feel it’s too expensive, wait to sign!
Will My Insurance Cover Any Of These Costs?
The short answer is maybe. Most health insurance plans do not pay for adult day care or assisted living, but some will help with other expenses. For example, some plans offer coverage for long-term care services provided at home. Medicare and Medicaid also have provisions to help you pay for some senior living costs. Contact your insurer if you’re interested in learning more about your health benefits and what they cover.
Will My Veteran’s Benefits Cover Any Of The Cost?
The amount of your VA benefits that you could use toward assisted living or other senior housing would be determined case-by-case basis.
While veteran’s benefits can help offset some of the cost, they are not meant to cover all of it. Veteran’s benefits are only available for veterans and their spouses and dependents. If you do not qualify for veteran’s benefits, you may still be eligible for Medicaid based on your income level and assets in some areas across the country (individual states administer Medicaid).
Conclusion
Questions about the cost of senior living are common, and it’s important to remember that there is no one-size-fits-all answer. Costs vary from community to community and can also change over time depending on several factors—including your budget.
