Financing a Move to Assisted Living

Assisted Living in Pascagoula AL

If assisted living is a reasonable option for you or somebody in your family, the cost could make it feel out of reach. You want to be reasonable, but you’ve heard that other senior care options are more affordable, and that makes them more reasonable.Assisted-Living-in-Pascagoula-AL

What you may not realize, though, is that, on average across the country, assisted living is really not that much more than hiring a full-time home care aide ( In fact, in certain parts of the country it’s actually more affordable.

That might not help you in this particular situation, and if you’ve made the decision to do this, or you would really like to but you just don’t know how to pay for it, there are options that can help.

Consider selling your home.

If you have your home and it’s fully paid for, or if you have significant equity in it, you might consider selling it. Perhaps you planned on leaving the house to your children or other family members. You may live another five, 10, 20 years, and you deserve to have a high quality of life through all of them.

It may be practical and reasonable to think about selling your house in this type of situation.

Look into a reverse mortgage.

Perhaps you have other family members living in your house with you. You don’t want to sell it and put them on the street. You could consider a reverse mortgage, which would allow your family members to stay in the house while you head off to assisted living.

In the future, there may be an opportunity for them to buy the house back from the financial lender. That reverse mortgage could be just the ticket to helping you pay for assisted living.

Long-term care insurance may be an option.

Perhaps you don’t need assisted living at the moment, but it’s something you’re considering for your future. Now is the time to look into long-term care insurance. Not a lot of people realize there’s actually insurance they can purchase for themselves or loved ones that could pay for some types of long-term care in the future.

You may never need a long-term care facility, but in the event you do, it’s a great relief to know you would have some type of insurance policy in place to help out.

Assisted living can offer many benefits over other senior care options and if finding a way to pay for it is a challenge for you right now, at least there are options to consider.

If you or an aging loved one are considering Assisted Living in Pascagoula, AL, contact Ashbury Manor Specialty Care and Assisted Living at 251-317-3017.


About Cindy Johnson

Ashbury Manor’s Administrator since 2008, Cindy Johnson is a long-time expert in the assisted living field. Prior to her arrival at Ashbury Manor, Cindy managed acquisitions and crisis management for existing and new larger senior care project developments for eleven years. As regional manager for an Oregon-based assisted living management company, Cindy was directly responsible for operations for five 50-65 bed assisted living facilities. As manager during the transition to new ownership, Cindy reorganized internal operations and conducted leadership training for Executive Directors. As a result of her management and expertise, one of the company’s facilities (in Ocala, Florida) received a deficiency-free survey, resulting in the lifting of a moratorium on operation.

A nurse for 36 years, senior care has always been Cindy’s passion. Desiring to work more closely with residents, Cindy became a Category II Administrator in 2005. As Ashbury Manor’s Administrator, Cindy understands the complexities associated with dementia and cognitive impairment and she has fallen in love with seniors with dementia or cognitive impairment and their families.

Cindy is Treasurer of the local “Senior Coalition” chapter. She enjoys mentoring new candidates who want to become administrators.

As a 16-bed facility, with Cindy's training and experience, our residents and their families can be sure Ashbury Manor’s carefully selected staff provides the expertise of a larger facility while maintaining the individualized personal care of a small special needs home.
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