When it comes to providing your aging loved ones with the care, comfort, and support they deserve, assisted living is a popular and practical solution. But with so many options out there, it’s crucial to find the right fit for your loved one’s lifestyle and budget.
The cost of assisted living varies widely depending on factors like location, amenities, and level of care. On a national scale, the average monthly cost of assisted living is approximately $4,500. However, this number isn’t set in stone. Costs can range from $2,500 to over $7,000 per month, depending on the services and lifestyle provided.
For instance, at Somerby Lake Nona, we offer thoughtfully designed assisted living apartments starting at $4,995 per month. Residents can enjoy spacious, inviting living spaces filled with modern amenities that provide not just comfort, but also a sense of independence and joy.
Factors That Influence Assisted Living Costs
Several key factors play a role in determining the overall cost of assisted living. By understanding these variables, you can make better decisions that fit your loved one’s needs and priorities.
Location
Where you or your loved one chooses to live significantly impacts the monthly cost of care. Urban areas or regions with a higher cost of living typically come with higher assisted living prices. At Somerby Lake Nona, located in the heart of Orlando, we offer a blend of resort-style living and convenience.
Level of Care
The services required for daily living greatly influence pricing. For those seeking assisted living, costs can vary depending on the level of support needed.
Our focus is on offering care that caters to each resident’s unique requirements. Whether it’s assistance with bathing, dressing, or medication management, our community is dedicated to providing compassionate and personalized attention in a warm and supportive environment.
Amenities & Lifestyle
The quality of life offered plays a huge role. Some communities focus solely on care, while others include lifestyle perks, such as social events and comfortable living spaces. At Somerby Lake Nona, we go above and beyond to create a resort-inspired environment. Residents enjoy:
- Individual thermostat controls for personalized comfort.
- Modern kitchens in each apartment for those who still love their culinary routines.
- Washers and dryers available not just for convenience but to foster independence.
- Housekeeping services to maintain a hassle-free lifestyle.
- Utilities including electricity, water, telephone, cable, and Wi-Fi for seamless daily living.
Financial Assistance Options for Assisted Living
Navigating the financial aspect of assisted living can feel challenging, but there are several strategies and resources available to help make this feasible for your family:
- Personal savings or retirement funds: Disbursements from retirement plans or pensions can cover costs.
- Home equity: Selling a family home can provide significant funding for assisted living.
- Bridge loans/home equity loans: These loans can serve as short-term financial solutions.
- Veterans Affairs (VA) Aid and Attendance Benefits: Veterans and their surviving spouses may qualify for financial support.
- Stock/securities sales: If your loved one has investments, selling them could help cover expenses.
- Life insurance policies: Selling or settling mature life insurance policies can provide cash.
- Senior living loans from companies like Elderlife Financial Services can provide private funding options tailored to senior living needs.
It may also help to consult a financial advisor to explore the best funding combination for your situation.
Tips for Transitioning into Assisted Living
Making the transition to assisted living can be a significant change, both for your loved one and for your family. With the right approach and mindset, this process can feel more comfortable and even empowering.
Visit Frequently Before the Move
Familiarity can help ease anxiety. Spend time at the assisted living community beforehand to help your loved one get acquainted with their new environment, meet staff, and get to know others in the community.
Personalize Their Space
Bring along cherished belongings, such as family photos, favorite decorations, or cozy blankets. Making the new living area feel like home can provide comfort and a sense of security.
Be Patient & Supportive
Acknowledge that feelings of apprehension are normal. Listen compassionately and provide reassurance that the decision was made out of love and with their best interests in mind.
Stay Connected
Regular visits, calls, and messages can make all the difference. Knowing they have your ongoing support helps your loved one adjust and feel less isolated during the transition.
Find a Place to Call Home at Somerby Lake Nona
At Somerby Lake Nona, we understand that transitioning to assisted living is a significant step, and we’re here to provide the care, resources, and encouragement your family needs every step of the way. From understanding pricing to financial planning, every step you take brings you closer to making an informed, confident decision.
If you have questions about financing options or want to learn more about what we offer, don’t hesitate to reach out to the Somerby Lake Nona team. Above all, we want to help your loved one feel at home and inspired in their daily life. Explore our floor plans online or book a tour to see for yourself how Somerby Lake Nona fosters a vibrant, inclusive community.
