Cost of Getting Older
"Staggering costs" makes headlines whether the topic is Alzheimer's care, end of life, or just paying for medications. But what about the cost of home care or assisted living? These costs are not covered by medical insurance or Medicare/MediCal in California. Long term care insurance will provide benefits, but in my experience few people have this insurance
The burden of these costs then falls to the person in need or their family. Let's not forget about the cost of family members missing work to care for their loved ones! Residential care homes (also called board and care homes) are usually less expensive than 24 hour caregivers at home or larger assisted living facilities.
Another way to save cost is to choose a location with less real estate costs. Your inconvenience of driving an extra 10 to 15 minutes to see mom may save you hundreds or thousands of dollars a month. If you are okay with a different city, how about a different state? Washington and Oregon have assisted living care homes that accept Medicaid payments. This service is not available in California.
Let Memento Care Homes help you find cost savings by contacting us for more information.