While making plans for transitioning to a Denver assisted living community, it is essential to factor in the financial aspect of the move. Navigating all the costs involved can feel confusing and overwhelming, and you might find yourself asking, “What is the average cost of assisted living in Denver?”
Assisted living in Colorado has many draws. With beautiful surrounding scenery and a central location, life here might seem like the most idyllic option. However, it is important to understand and budget for all the costs that may be included or incurred when you transition into long-term care.
Why You Should Consider Assisted Living
Assisted living is a great option for those seniors who need a bit of help to manage daily life in a safe and healthy way while still having quite a bit of independence. The support and services offered by an assisted living facility can help empower elders and allow them to live a well-rounded and rewarding life in a safe environment.
It also solves the problem of your elderly loved ones feeling lonely and isolated. Assisted living communities offer a social setting to get to know other people who are in similar life situations. Residents can also participate in classes and events that allow them to learn new skills and stay engaged with friends.
Calculating the Cost of Denver-Based Assisted Living
There are many factors involved when calculating the prices of assisted living in Denver. It is crucial to explore and understand all that assisted living could entail for you or your loved one.
- Housing: Assisted living communities that offer certain programming, like memory care, allow residents to live there full time. These facilities offer secure environments for residents with dementia or Alzheimer’s while meeting the various needs of their patients. Residents can also feel secure with 24-hour video surveillance in common areas and a 24-hour emergency call system.
- Lifestyle: Many assisted living homes offer events and programming for their residents, which is all wrapped into their monthly fee. Fitness classes, art classes, entertainment, and further learning programs are all commonly offered at assisted care facilities.
- Upkeep and Maintenance: In assisted living homes, household expenses, like cable TV, internet, and work that is usually done around one’s property, are all commonly included in the costs of assisted living.
Making an informed decision on where you want to end up also includes knowing your specific needs or those of your loved ones. Ensure that you know and understand the level of care that you or your loved one requires, along with any lifestyle preferences and amenities that you would like to see included in your future home.
How to Choose an Assisted Living Community
Once you have reached a decision on what your specific needs are, it is time to start looking for the perfect community that will fit those needs. Many Denver communities can vary, and it is imperative that you choose a facility that can assist you in all the ways you need, especially if you require certain amenities like memory care.
Once you’ve settled on a few places, set up a tour so all your questions on the services, care, and lifestyles that are available can be answered by the staff, and you can see the space for yourself. You’ll also want to secure all the legal paperwork that you will be required to provide.
Options to Pay for Assisted Living
One of the primary concerns of people transferring to assisted living communities is how it will all be paid for. In addition to the savings of the person or people entering assisted living, seniors can seek professional advice to see which combination of payment options may fit their situation.
- Long-Term Care Insurance: Elderly individuals can seek the coverage of a long-term care insurance policy, which may help with the expenses incurred while in assisted living, a nursing home, or memory care.
- Family Support: Family members can offer financial support for their elderly loved ones in assisted care situations.
- Retirement Income: 401(k)s, mutual funds, stocks, pensions, or social security benefits can offer a steady source of income to support an assisted living lifestyle.
- Rental Income: Seniors can consider the option of renting their home to cover the monthly costs of assisted care living, rather than selling their house outright.
Know that there are always options to ensure that you or your loved ones are taken care of in the ways they need.
FAQs
Q: How Much Does Assisted Living Cost in Denver?
A: In the greater Denver area, the average cost of assisted living is a few thousand dollars per month for a private bedroom living space, with all amenities included. Though this might seem quite steep, it is cheaper than most in-home services or a private room in a nursing home facility.
Q: How Much Does Medicare Pay for Assisted Living in Colorado?
A: Unfortunately, Medicare will not cover assisted living, as it is considered residential and not critical care. However, Medicare can cover things like hospice care, some vision care, limited dental care, basic hearing care, hospital inpatient and outpatient care, and home health visits. In these cases, you may be able to use Medicare for certain services that are provided by professionals at assisted living homes.
Q: How Do You Qualify for Assisted Living in Colorado?
A: In the state of Colorado, to qualify for assisted living, you or your loved ones are required to take and pass a pre-admission assessment. This test will take into account your or your loved ones’ cultural, religious, and social needs to make sure that the facility has the services required to meet those needs.
Q: How Much Is Senior Living in Colorado?
A: In the state of Colorado, the costs for different types of senior living can vary. For in-home services or health aides, the average amount is around several thousand dollars. For adult day health care programs, the cost is about a couple of thousand dollars. In nursing homes, a semi-private room can cost upwards of nearly ten thousand dollars, and a private room can push past that figure per month.
Rocky Mountain Assisted Living Is Here for You
If you or a loved one is ready to make the next step into their future, the staff at Rocky Mountain Assisted Living is here to help. We do everything in our power to maintain the independence and dignity of our clients, no matter the services they require.
Contact us today if you’re seeking long-term care or if you just need a place for a short stay. We’re here to provide the compassionate care you need.