While senior living costs may vary, it’s hard to put a price tag on good, quality care. That’s why at Gold Choice Senior Living, we are proud to offer affordable, high-quality senior living options tailored to meet our residents’ individual needs and budgets.
Are you or your loved one looking for an assisted living or memory care community in sunny Florida? At Gold Choice, we’ll be happy to help you find solutions for practically any financial situation. We also accept both Medicaid and VA/Veterans Benefits! Here, we’ll break down the costs and the value of senior living—and how Gold Choice can partner with you on your journey.
The Costs of Senior Living
The costs of senior living, assisted living, and memory care depend on many factors, including:
- Location: Costs of senior living vary by state based on cost-of-living adjustments, local taxes, and regulations.
- Level of Care: Costs also depend on the level of care you’re seeking. For example, assisted living typically costs less than memory care services.
- Services and Amenities: Communities offering a greater variety of services and amenities tend to charge more.
- Apartment Choices: Depending on your apartment’s size or floor plan, costs vary depending on if you want a studio, one-bedroom, or two-bedroom space.
Some senior living communities also charge extra fees in addition to your monthly rent. For example, some require a level of care fee, or a one-time entrance fee, sometimes called a “community” or “move-in” fee. Some communities also require additional service fees, like permission to have your pet on site, extra meals, or access to certain amenities.
At Gold Choice, our high-quality senior living offerings are all within an affordable price, so your loved one can access great care according to their needs and within their ability to pay. Our helpful advisors are also always happy to walk you and your loved one through a detailed cost breakdown, so you know exactly what to expect down to the last detail.
The Value of Senior Living
You may be wondering, “What does assisted living provide? Is it worth it?”
At Gold Choice, the answer is undoubtedly “yes.”
Gold Choice assisted living communities offer comfortable, thoughtfully designed apartments, personalized care plans, three healthy, chef-prepared meals a day, and a full schedule of engaging life enrichment activities and social programs, all at a price that beats standard assisted living. Residents enjoy a high level of community engagement and personal independence, since they’re encouraged by our staff to explore new interests, start their own resident groups, and volunteer at organizations within the community.
Gold Choice memory care communities feature robust safety measures and are staffed by professionals trained in dementia care who will lead your loved one through specially designed programs and therapies designed to improve cognitive and emotional wellbeing. We are also proud to employ quality care monitors and dedicated caregivers at each of our communities.
Living at Gold Choice also means you’ll be avoiding the expenses that come with staying in your own home, and the time, money and energy you might otherwise be spending on yard maintenance, groceries, housekeeping, utilities, and other costs!
Financing Options at Gold Choice
At Gold Choice communities, we believe that the costs of senior living shouldn’t prevent seniors from receiving quality care, housing, and services. That is why we accept a range of payment supplements to augment any out-of-pocket costs, including VA/Veterans Benefits and Medicaid/ We’re also happy to work with you to understand your loved one’s eligibility for benefits, or assist with online applications. Financial supplements we accept to cover the cost of assisted living and the cost of memory care include:
- Medicaid: Gold Choice is a Medicaid approved facility. Florida offers a variety of Medicaid waiver programs for all individuals aged 65 and older, which can cover Alzheimer’s and dementia care. Our Medicaid Specialist is on hand to help you or your loved one understand your eligibility and apply for Medicaid benefits.
- Veterans Benefits: If you or your spouse is a veteran, you may be entitled to Veterans Benefits through the U.S. Department of Veterans Affairs, such as the tax-free Aid & Attendance Benefit, which helps wartime veterans and surviving spouses pay for expenses related to long-term care. In addition, Gold Choice’s exclusive Patriot Promotion offers veterans extended move-in deals and other special offers.
- Long-term care (LTC) insurance: LTC insurance can pay for care that is not typically covered by health insurance, Medicare, or Medicaid. This type of coverage applies to policy holders who are 65 and older and in good health.
- Life insurance conversion or life settlement: Life insurance conversions let you turn your policy into a pre-funded account that provides a monthly payout for care. With a life settlement, you can choose to sell your policy to a third party for a lump sum.
At Gold Choice, we’re here to help you or your loved one make quality senior living an affordable reality! Take the first step today and speak to an advisor about our assisted living and memory care communities in Ormond Beach, Deltona, and Palm Coast, Florida, or call us to arrange a tour.