How to Pay for Assisted Living
Making the decision to transition to an assisted living community is significant, and understanding the costs can guide you toward making an informed choice. At The Pearl Senior Living, starting at $3,795 per month, residents enjoy a lifestyle offering peace of mind with amenities like meals, utilities, housekeeping, and 24/7 support. Let’s explore the costs of assisted living compared to owning a home and see why this move makes both financial and emotional sense.
What Does $3,795 Cover at The Pearl Senior Living?
The monthly fee at The Pearl covers:
A private, comfortable apartment.
All utilities, including electricity, water, and community Wi-Fi.
Three daily chef-prepared meals with a variety of options.
Weekly housekeeping and laundry services.
Around-the-clock support from a professional team.
Access to diverse activities, from fitness classes to social outings.
Scheduled transportation for medical appointments, shopping, and community events.
The Hidden Costs of Homeownership
Owning a home often involves hidden costs that can add up:
Mortgage/Rent Payments: Even after paying off your home, property taxes and insurance can be substantial.
Utilities: Monthly bills for electricity, water, internet, and more.
Groceries and Dining: Regular grocery shopping or dining out adds to your budget.
Home Maintenance: Unexpected repairs and yard work can lead to unpredictable expenses.
Housekeeping: Hiring cleaning or laundry services can add to monthly costs.
Transportation: Car payments, gas, insurance, and maintenance can add up.
Social and Wellness Activities: Fees for clubs, classes, and staying active may also increase your expenses.
Assisted Living: A Cost-Effective Alternative
The cost at The Pearl Senior Living often compares favorably with homeownership. When factoring in the daily services, 24/7 support, and a stress-free environment, many find that their home maintenance costs far exceed the monthly fee at The Pearl.
Ways to Cover Assisted Living Costs
Here are some common options families use to pay for assisted living:
Proceeds from Home Sale: Selling your home can provide funds for the transition.
Long-Term Care Insurance: Many policies cover some of the costs of assisted living.
Retirement Savings: Use savings or pensions to cover monthly fees.
Veterans Benefits: Eligible veterans and spouses may qualify for VA benefits.
Bridge Loans or Reverse Mortgages: Temporary financial products to help cover expenses.
Discover The Pearl Senior Living
At The Pearl, we offer more than just a place to live—we provide an opportunity to thrive in a supportive community. Our goal is to ensure peace of mind, comfort, and a fulfilling lifestyle.
Schedule Your Tour Today! Discover how The Pearl Senior Living can make a difference in your life. Contact us at 972-400-6122 or visit us online to learn more about how we can meet your needs in a comfortable, engaging, and compassionate environment.
Take the next step to experience the Pearl difference!
