Senior citizens need special care and attention, particularly as they age or suffer from health conditions. Lakewood, CO, offers various senior living care facilities that provide a wide range of services to suit different needs and preferences. However, senior living care in Lakewood, CO, comes at a cost that varies depending on the type of facility, level of care needed, location, and other factors.
This blog aims to explain the costs involved in senior living care in Lakewood, CO, and provide helpful insights to seniors and their families looking to budget for their care.
Types of Senior Living Care in Lakewood, CO
Before we delve into the costs, it is essential to understand the types of senior living care offered. There are several options to choose from, ranging from independent living, memory care, assisted living, hospice care, and nursing homes.
Each of these care options provides different levels of care, amenities, and levels of independence. The cost is generally highest for nursing homes and lowest for independent living facilities.
Payment Options for Senior Living Care
Fortunately, seniors and their families have several payment options available to them. Out-of-pocket payment often falls on seniors and their families, whereas Medicaid is an option for low-income seniors who meet specific qualifications.
Depending on the policy, long-term care insurance may help cover some or all of the expenses. Lastly, veterans may be eligible for financial assistance to cover the costs of senior living care.
Tips for Budgeting for Senior Living Care
Budgeting for senior living care at Village at Belmar can be a stressful task, but it is essential to plan ahead to avoid any unexpected costs. Some budgeting tips include researching different facilities, seeking out financial resources such as government benefits or long-term care insurance, and considering various options to identify the most cost-effective solution.
Additionally, many senior living care facilities offer financial assistance programs and payment plans that may be helpful.
