Paying for Senior Living and Care

Posted on

Jul 21, 2016

share-this
Share This


Senior Living and care is an extreme sport. Timely medication, good nutrition, discrete assistance, and new friends can breathe new life into. . . life. Finding and affording the right solution, however, is not easy. It can involve higher costs than home ownership, require as much trust as marriage, and have more murky complexity than a car lease. Fortunately, some helpful resources exist to help with costs.

HOW MUCH DOES LONG-TERM CARE COST?

In Dallas Fort-Worth, assisted living averages $3,700 per month and nursing home care roughly $4,600, according to Genworth's comprehensive annual study updated early 2016. Each is almost 40% higher than 10 years ago, outpacing national growth rates. Over the last three years, however, the story is different. Over that time, DFW nursing home costs are flat and assisted living costs are down.

Most of 2015 saw an assisted living community open in DFW every 15 days accelerating to one every 6 days in 2016. Rapid inflation had pushed local prices well above the national average, but growing competition has nearly bridged this gap. For those able to afford care, there are a lot of options.

WHO PAYS FOR LONG-TERM CARE?

Medicare doesnt cover long-term care beyond a 100-day skilled nursing benefit. Medicaid is the primary payer for nursing homes, but is very limited for assisted living. For most families, assisted living costs are paid by a combination of the below:

Long-term care insurance: Financial product protecting against long-term care costs. Benefits are generally triggered by qualifying care needs.


Veterans Pension: Aid & Attendance and Housebound Benefits: Flexible monthly benefit for qualifying veterans that can exceed $2,000. Qualification is based on military service, income, assets, and care needs.


Personal residence: Sale or rental of home, reverse mortgages, and equity loans


Savings and income: Social security, pensions, retirement accounts, and other savings, including gifts from family members.


Long-term care benefit plan:Converts life insurance into a special account to fund long-term care.


Senior care bridge loans:Provides for care costs on a short-term basis until anticipated funds are available.

Senior Placement Agents specialize in navigating these types of resources and care options. They meet in person with families to determine the best options for their unique needs.

Editors Note: This article was submitted by John Alagood, CSA. John is the Area Owner of Senior Care Authority and may be reached at (469) 333-8833 or by email at john.alagood@seniorcareauthority.com





Other Articles You May Like

Navigating Hospital Stays and Rehabilitation for Parkinsons Patients

Navigating Hospital Stays and Rehabilitation for Parkinsons Patients. This article is part of The Parkinsons Care Compass: A Caregiving Roadmap Guiding Families Through Every Stage, an educational series presented by At Your Home Caregiving of Texas. We are honored to walk beside families, offering specialized in-home care solutions to support every step of the Parkinsons journey. Hospital stays are a stressful experience for any family, but for individuals living with Parkinsons disease, hospitalization poses unique challenges that can significantly impact recovery and long-term health. When a Parkinsons patient requires surgery, treatment for complications, or recovery after a fall, family caregivers must act as advocates, organizers, and partners in care. Being prepared and informed is the key to ensuring a safe hospital stay and a smooth transition back home.At Your Home Caregiving of Texas understands these complexities and stands ready to help families through every step of the journey, providing expert support for rehabilitation and home-based recovery.Unique Hospitalization Challenges for Parkinsons PatientsParkinsons disease complicates hospital care in several critical ways: Medication Management: Parkinsons medications must be administered on a strict schedule to manage symptoms effectively. Delays or missed doses can lead to severe motor symptoms, confusion, and even hospitalization complications. Mobility and Fall Risks: Hospital environments are unfamiliar, and Parkinsons patients face an increased risk of falls due to balance issues and muscle rigidity. Cognitive Changes: Hospitalization can sometimes trigger or worsen confusion, memory problems, or delirium, especially in older adults with Parkinsons. Communication Difficulties: Some patients experience soft speech (hypophonia) or facial masking, making it difficult to express needs clearly to hospital staff unfamiliar with Parkinsons care. Being aware of these risks allows families to take a proactive role during the hospital stay, minimizing complications and ensuring the best possible outcome.Preparing for a Hospital Stay: Advocacy and PlanningIf hospitalization is scheduled (for surgery or planned treatments), preparation can make a significant difference:1. Create a Hospital Parkinsons PlanPrepare a simple one-page document outlining your loved ones: Current medications and exact times for administration Mobility limitations and fall risk status Communication needs Cognitive changes or dementia symptoms Preferences for therapy, rehabilitation, and home care after discharge Provide this information to the hospital staff immediately upon admission.2. Bring Medications to the HospitalBring a full list and ideally the actual medications in their original containers. In some hospitals, families can administer Parkinsons medications if theres a risk of delays.3. Assign an AdvocateDesignate a family member or professional caregiver to be present as much as possible, especially during medication times, shift changes, and physician rounds. Having a consistent advocate can prevent critical mistakes and advocate for the patients specialized needs.The Importance of Medication TimingOne of the biggest risks for Parkinsons patients in the hospital is missed or mistimed medications. Parkinsons medications like carbidopa-levodopa must be administered exactly as prescribed, sometimes multiple times a day, to prevent a sudden worsening of motor and non-motor symptoms.Tips for ensuring proper medication administration: Clearly document the medication schedule and insist it be incorporated into the hospitals care orders. Politely but firmly remind nursing staff of the critical importance of on-time dosing. Advocate for medication self-administration if allowed by hospital policy. Watch for any substitutions generic or alternate medications can sometimes affect symptom control. Families should feel empowered to respectfully advocate for their loved ones medical needs. Delay in Parkinsons medication can lead to avoidable setbacks in recovery.Understanding Rehabilitation OptionsAfter hospitalization, rehabilitation is essential for helping Parkinsons patients regain strength, balance, and function. Depending on the situation, rehabilitation may occur in: Inpatient Rehabilitation Facilities (IRFs): Specialized centers offering intensive physical, occupational, and speech therapy. Skilled Nursing Facilities (SNFs): Short-term stays focused on medical monitoring and therapy. Home-Based Rehabilitation: Therapy provided at home, which may be the best option for patients with significant mobility challenges or those at high risk of hospital-acquired infections. At Your Home Caregiving of Texas partners with rehabilitation therapists to support continuity of care at home, ensuring that exercises, safety measures, and care plans are followed consistently.Key Rehabilitation Goals for Parkinsons Patients Improving strength and flexibility Reducing fall risk through balance and gait training Enhancing fine motor skills (handwriting, eating, dressing) Improving swallowing and speech if affected Maintaining independence as much as possible Early rehabilitation after hospitalization is crucial for Parkinsons patients. Without it, the risk of decline, injury, and readmission significantly increases.Transitioning Safely Back HomeThe transition from hospital to home is a vulnerable time. Planning ahead is critical to prevent setbacks.Steps for a Successful Transition: Arrange Home Care Services Early: Schedule in-home caregiving services to assist with mobility, medication reminders, and personal care. Conduct a Home Safety Evaluation: Adapt the home environment to minimize fall risks remove tripping hazards, install grab bars, ensure proper lighting, and use assistive devices. Coordinate Medication Management: Update prescriptions, confirm medication supply, and create a clear medication schedule. Schedule Follow-Up Appointments: Ensure post-discharge physician and therapy visits are scheduled before leaving the hospital. Implement a Rehabilitation Plan: Continue physical therapy and exercise routines at home, guided by professional caregivers and therapists. At Your Home Caregiving of Texas specializes in providing comprehensive transitional care for Parkinsons patients. Our caregivers work alongside families and healthcare professionals to ensure that recovery continues safely and effectively at home.How At Your Home Caregiving of Texas Supports RecoveryFamilies managing Parkinsons care dont have to do it alone. Our services are designed to ease the burden of post-hospitalization recovery by providing: Personalized Care Plans: Tailored to the individuals stage of Parkinsons and rehabilitation needs. Medication Reminders and Assistance: Helping maintain the critical medication schedule. Mobility Support: Assisting with walking, transferring, and exercises to rebuild strength and prevent falls. Nutrition and Meal Support: Preparing nutritious meals that support energy and healing. Companionship and Emotional Support: Reducing anxiety, confusion, and isolation during the recovery process. Coordination with Healthcare Providers: Keeping families informed and ensuring therapy recommendations are carried out at home. We work hard to create an environment where patients can heal comfortably, maintain dignity, and reduce the risk of hospital readmission.Final ThoughtsHospital stays are never easy, especially when Parkinsons disease adds another layer of complexity. But with the right preparation, strong advocacy, and a smooth rehabilitation plan, families can help their loved ones achieve the best possible recovery.At Your Home Caregiving of Texas stands beside you every step of the way from hospital bedside to a safe and healing home environment. Our specialized Parkinsons care services ensure that patients get the compassionate, expert support they need to regain strength, confidence, and independence.When its time to transition home after hospitalization, trust At Your Home Caregiving of Texas to be your partner in care and recovery. At Your Home Caregiving of Texas is proud to support families living with Parkinsons disease through compassionate, expert care. For more resources and personalized caregiving solutions, explore the full Parkinsons Care Compass series or contact us today at 469-830-8414. Together, we can create a safer, stronger path to recovery one step at a time.  If someone you care about is facing the challenges of Parkinson's, know that you're not alonewe're always here to help.                                          

Relocation 101: What to Know Before You Sell, Downsize, or Move in DFW

Thinking about a move can stir up all kinds of emotionsexcitement, uncertainty, even a little stress. Maybe your home feels too large now. Maybe the upkeep is getting harder. Or maybe its simply time for a fresh start in a place that suits your needs todaynot 10 or 20 years ago. Navigating the real estate market, preparing your home to sell , and making decisions about relocating to a new place to live is a big processbut with the right support, it can also be empowering. Its about choosing what comes next on your terms and stepping into a lifestyle thats simpler, safer, and more aligned with how you want to live. Understanding the Marketand Your OptionsIn the first half of 2025, the DallasFort Worth housing market is shifting toward more balance. That means sellers are still seeing solid value, while buyers have more time and options to make thoughtful choices. If youre thinking about downsizing, this could be a great moment to take the leap.According to Karen Young, a Seniors Real Estate Specialist (SRES), the DFW housing market is especially active among adults 55 and older who are looking for the ideal place to relocate or invest in their retirement future. Texas consistently appeals to seniors, she explains, with its favorable tax climate, reasonable cost of living, and diverse options in senior-focused communities.Karen also notes a rising demand for homes in active adult neighborhoods offering amenities like fitness centers, social activities, and maintenance-free living. Im personally seeing senior executives moving toward retirement increasingly consider these communities, she says, either as a current lifestyle choice or a strategic investment for their future.With DFWs competitive real estate landscape, Karen encourages seniors to be proactive and to work with real estate professionals experienced in senior relocation. This is especially important when navigating tax strategies related to capital gains and understanding senior property tax exemption status, she adds.Whether you plan to move to a smaller home or to an active adult or retirement community, understanding your real estate options is key. That includes knowing what your current home is worth, what kind of living space fits your lifestyle, and what steps are needed to get from where you are now to where you want to be.Thats where professionalslike real estate agents, organizers, and senior relocation specialistscan make all the difference.Your Moving Preparation ChecklistHaving an outline or list of where to begin the process can help you put everything in perspective and alleviate the overwhelm of it all. Here are a few guidelines to help you feel in control once things get going:Start Early  Give yourself plenty of time to make decisions without feeling rushed.List Your Priorities  What matters most in your next home? Proximity to family? Less maintenance? Community living?Get a Home Evaluation  Understanding your homes market value is a great first step.Purge with Purpose  Begin sorting what to keep, donate, or let go ofwith help if needed.Meet with Professionals  A move manager, real estate agent, or financial advisor can offer personalized insight.Keep it all Together  Store your notes, contact info, and paperwork all in one place.Be Kind to Yourself  Downsizing can be emotional. Dont shy away from taking time to reflect and recharge.Look to the Future  Remind yourself why youre making this moveits about ease, safety, joy, and freedom.You Dont Have to Do It AlonePlanning a move can feel like a lotbut it doesnt have to be something you tackle on your own. There are experienced professionals who specialize in making this kind of transition smoother, more organized, and a lot less stressful.Thats exactly what we do at WellRive.Our senior relocation specialists are here to support you through every step of the journey. From connecting you with a knowledgeable real estate agent and helping you explore new living options, to organizing, downsizing, and packingwere by your side through it all. And once youve moved, well even help set up your new home so it feels just right from the moment you walk in.Contact WellRive today at 469-526-4201 to learn how we can help make your move easier, more organized, and fully supported - from start to finish.

Senior Living Decision Guide

Making the decision between aging-in-place or moving to a senior living community is one of the most important choices youll make. This guide provides an overview of both options to help you determine the best choice for your future.