The Financial Benefits of In-Home Care vs. Assisted Living

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HomeWell Care Services

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Jun 21, 2024

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Florida - Sarasota, Bradenton & Charlotte Counties

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Families that are looking to ensure the best care for their loved ones in their later years are torn between in-home care and assisted living facilities. While both options have merits, understanding the financial implications can help you make informed decisions.


Read on to explore the financial benefits of in-home care when compared to assisted living.

Flexibility in Services and Costs

In-home care offers great flexibility, allowing families to customize care plans according to their needs and budgets. Whether your loved one requires full-time care or just a few hours of assistance daily, you can tailor the services to match their requirements. This flexibility helps manage costs effectively, as you only pay for the services you need, avoiding the all-inclusive fees typically associated with assisted living facilities.

Staying in a Familiar Environment

One of the most significant advantages of in-home care is that it allows seniors to remain in their own homes. This provides emotional comfort and eliminates the substantial costs of relocating to an assisted living facility. Homeownership often means that many seniors have already paid their mortgages, making home care a financially attractive option. This also avoids the often-overlooked expenses of selling a home, moving costs, and adjusting to a new living environment.

Avoiding Additional Fees

Assisted living facilities often charge additional fees beyond the base rate, including charges for medication management, personal care, and even higher levels of assistance. In-home care, however, allows for a more transparent and straightforward fee structure. By discussing needs upfront with a home care provider, families can better anticipate costs and avoid unexpected expenses.

Personalization of Care

In-home care offers a one-on-one care dynamic that is hard to match in assisted living facilities. This personalized attention ensures that seniors receive consistent and tailored care, which can lead to better health outcomes and potentially lower healthcare costs over time. Personalized care can help prevent hospital readmissions and manage chronic conditions more effectively, saving money on medical expenses.

Leveraging Family and Community Support

Friends, family members, and local community resources can supplement professional care, reducing costs. This collaborative approach helps financially and fosters a stronger sense of community and support for the senior.

Home Equity

In-home care allows families to utilize home equity through various financial instruments such as reverse mortgages. This can provide a steady income stream to pay for in-home care services without selling the family home. This financial strategy can be particularly advantageous, offering a way to fund care while preserving the family’s most valuable asset.

Government and Insurance Support

Medicaid, Medicare, and various long-term care insurance plans often provide benefits that can offset the costs of in-home care services. Understanding and using these benefits can significantly reduce out-of-pocket expenses, making in-home care a more affordable option.

Choosing between in-home care and assisted living involves carefully considering many factors, with financial implications being a major aspect. HomeWell Care Services can help you explore care options for your loved ones. Contact us at our Sarasota location by clicking here or our Bradenton location by clicking here or by phoning us at 941-303-5642.

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What is Independent Living?

There are many options to consider when it comes to senior living. Based on your budget, location, health needs, and the type of lifestyle youre looking for, one housing option may suit you better than others.Independent living, as offered by Erickson Senior Living communities nationwide, combines the benefits of a vibrant, active lifestyle with the convenience of maintenance-free living. Erickson communities offer a full continuum of senior housing optionsincluding independent living, memory care, and skilled nursingso you can remain in the community even if your needs change over time. Residents enjoy the comfort of predictable monthly expenses that cover nearly all regular living costs, from utilities and maintenance to 24/7 security and amenities. With resort-style features like fitness centers, pools, restaurant-style dining venues, and social activities right outside your door, Erickson Senior Living managed communities are designed for those seeking both relaxation and engagement in their retirement.It was getting to be too much for me, taking care of a big, seven-room cottage all alone. When I visited Brooksby, I walked around and saw that I could take an elevator to get wherever I wanted to go. And all the apartment homes were one level! says Patricia K., who lives in Brooksby Village, an Erickson Senior Living managed community in Peabody, Massachusetts.Independent living in an Erickson Senior Living managed community also provides multiple opportunities for social interactions, on-site dining venues that resemble five-star restaurants, and fitness and well-being programs to keep residents active and thriving. Lets delve into what constitutes independent living and how it differs from other senior living options.Understanding Independent LivingFor older adults who no longer want the responsibilities and expenses of homeownership, independent senior living may be the right choice. Residences range from one-bedroom to large three-bedroom floor plans, and delicious dining options can be enjoyed in multiple restaurants. Independent living communities like those offered by Erickson Senior Living have well-being classes, fitness centers, clubs, special events, and other activities.Independent living services can be found in various formsactive adult communities, senior apartments, and continuing care retirement communities (CCRCs)just to name a few.While active adult communitiesalso known as 55-plus communitiesand senior apartments may provide amenities like pickleball courts, fitness centers, pools, and clubhouses, residents are responsible for the upkeep of the interior of their residences as well as all meals.Meanwhile, CCRCs, including the growing network of Erickson Senior Living managed communities throughout the U.S., provide well-appointed, maintenance-free residences, health and well-being services, nutritious and delicious meals prepared by professional chefs, and a variety of socialization opportunities all in one place. Erickson Senior Living managed communities also provide a continuum of care on campus, so should the health care needs of a resident change, they can easily access additional support such as skilled nursing, assisted living, and memory care services. Key Features and Amenities of Independent Living CommunitiesErickson Senior Living managed communities provide a worry-free lifestyle, giving residents more time to stay active at the fitness center or pool; keep their minds sharp through organized cultural events, lectures, and educational offerings; and enjoy dining with friends at a variety of on-site restaurants. Most living facilities allow residents to choose from a meal plan based on their dining preferences and budget.Programming runs the gamut: fitness classes tailored to seniors, seminars, classes offered by local colleges and other educational institutions, organized trips to local and regional attractions, clubs for all interests, volunteering opportunities on- and off-campus, and special events like happy hours and cookouts.Benefits of Independent LivingResidents of Erickson Senior Living managed communities can wave goodbye to their snow shovels, hedge clippers, and lawn mowers, as those and most other chores are handled by the community. Erickson Senior Living managed communities also take care of minor home repairs, creating more free time for you to enjoy the on-site amenities, and they are designed with climate-controlled walkways so that residents can enjoy all activities and dining, even in inclement weather.Erickson Senior Living managed communities have dedicated resident services staff members who organize a host of clubs and activities, providing great opportunities to socializean important component of healthy aging.We are active people, so we wanted to be somewhere we could lead active lifestyles. What impressed me the most was the level of activity in the clubhouses. People were completing puzzles, playing cards and board games, and doing crafts. There was always something going on, says Debby V., a resident of Charlestown, an Erickson Senior Living community in Catonsville, Maryland.Debbys neighbor, Elaine E., adds that having all of her activities in one place has made her life more enjoyable.We had no idea that this kind of place even existed! Instead of hopping in the car, meeting friends for dinner or attending a concert is just a short walk down the hall. Im so glad we moved to Charlestown. There is always something to do here, from morning to night, she says.Considerations When Choosing an Independent Living CommunityThere are many factors that will play a role when choosing the right independent living community for you. Here are a few:Goals: What are your main motivations for moving? On-site health care? More socialization? Maintenance-free living?Timing: Do you need to move ASAP, or are you just beginning the planning stage?Location: Do you want to stay in the same area close to friends, move closer to children, or relocate to the mountains or somewhere warm?Its also vital that you visit the independent living facilities youre considering multiple times. Here are some questions to ask when visiting:What types of programming are offered, and can residents provide feedback?What types of support services are offeredhousekeeping, security, transportation, etc.?Is there a nutritionist or dietician on staff?Whats included in the monthly service package?Do staff members undergo screenings and background checks prior to employment?Are resident clubs, groups, and social activities offered?Are classes, lectures, and other learning opportunities offered regularly?Any volunteer opportunities inside and outside the community?Is there a plan in place for natural disasters and other crises?What is the financial health of the community for future capital improvements?Is there a waiting list or priority list?Can I stay overnight to try out the community?Financial Aspects of Independent LivingWhile financial specifics may vary from community to community, generally independent living residents at Erickson Senior Living managed communities pay a one-time entrance feewhere a percentage is also refundable, should you leave the community or decide to pass it on to heirsand a monthly service package that covers almost all regular living expenses, including utilities, maintenance, property taxes, cable TV, 24/7 security, activities, and select meals. The predictable monthly service package makes it easy to manage your retirement budget and enjoy a vibrant and worry-free lifestyle.Norma H., who lives in Highland Springs, an Erickson Senior Living managed community in North Dallas, Texas, loves how she no longer has to worry about regular upkeep of her home, as all maintenance is taken care of for her.Now, when a maintenance issue arises, I just pick up the phone and call General Services. The staff here are really friendly, and they go out of their way to do whatever they can for us. They do all the little extra things with a smile, she says.In addition, Erickson Senior Living managed communities operate on a fee-for-service model where independent living residents only pay for higher levels of health care if and when its needed.Embracing the Independent Living LifestyleYouve earned your retirement. Independent living can provide a maintenance-free lifestyle that gives you more time to relax, participate in fun activities, better your health, and stimulate your mind. If youd like to pursue longtime hobbies with neighbors or make friends while discovering new interests, independent living is the option for you.Carolyn U., who lives in Maris Grove, an Erickson Senior Living managed community located in the Brandywine Valley of Pennsylvania, credits the active lifestyle at Maris Grove, for her all-around well-being.Participating in the clubs and activities at Maris Grove has greatly contributed to my physical health and wellness. No need to get in my car; everything is right here. When you live in a house alone, you have to call people and schedule get-togethers. At Maris Grove, it happens automatically. We see each other in the hallway, in club meetings, or just walking outside. 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Convenient Amenities and Services Make All the Difference

With over a dozen amenities included in the plans for Emerson Lakes, an Erickson Senior Living community under construction in Lakewood Ranch, Fla., it will be easy for future residents to lead vibrant, engaging lifestyles."Studies have shown that staying active supports overall well-being and helps people live independently longer," says Adam Zubowsky, the community's sales director. "As a result, Emerson Lakes was designed to ensure our residents will have access to as many activities as possible."And, with many amenities just steps from each home, residents can explore new hobbies and take classes with friends whenever they desire."Unlike living in a house, where you might be a 15-minute drive away from the nearest gym or restaurant, Emerson Lakes will be rich with opportunities to engage with others right at home," Zubowsky explains.So many optionsFor fitness enthusiasts, there's no need to drive to the gym, nor is a membership required.Coral Ridge, the first clubhouse planned for Emerson Lakes, will boast an impressive fitness center with state-of-the-art equipment including Matrix treadmills, Echelon bikes, an Echelon rower, an ergometer for upper body workouts, and a strength circuit.The fitness center will be staffed with professional trainers and fitness coordinators to help guide residents on the equipment and develop exercise plans they can follow on a regular basis.In addition, there will be an assortment of fitness classes--held in the indoor studio and on the outdoor courtyard--focusing on balance, yoga, and line dancing, just to name a few.For those who prefer the water, Emerson Lakes will have an aquatics center with a 25-meter outdoor pool, complete with lap lanes. Water aerobics classes, which have proven to be popular at other Erickson Senior Living communities, will be offered as well.And for people with a competitive spirit, games at the community's two outdoor pickleball courts and two bocce courts are sure to please. Or sit back, chat with new friends, and cheer on your neighbors!Step by stepAnother pastime of many Erickson Senior Living residents is to stroll along community walking paths and take in sights like ornate ponds, flower gardens, foliage, and some of the area's beautiful wildlife.With meticulous landscaping and peaceful lakes planned for Emerson Lakes' 46-acre campus, future residents are sure to enjoy this activity as well.  And because Emerson Lakes is nestled within the master planned Lakewood Ranch community on Florida's West Coast, residents will be able to extend their daily walks to visit the area's three developed town centers, where shops, boutiques, restaurants, and cafes can be found.On your termsFor some retirees living in their houses, grocery shopping for the week and getting to a doctor's appointment can be a hassle--especially when you have to brave the Florida heat or showers.With multiple restaurants and a medical center right on campus, Emerson Lakes has been designed to promote independence, so you can easily check off those to-do list items--or get rid of them completely.Because Erickson Senior Living's monthly service package includes a meal plan of choice, many residents forgo grocery shopping and, instead, dine at community restaurants for lunch and dinner. The variety of fresh, delicious dishes prepared by expert chefs in Emerson Lakes' restaurants will please every palate.There will also be an on-site medical center, staffed with medical professionals experienced in senior health care, open for flu shots, sick visits, and primary care.And thanks to the climate-controlled walkways that connect all buildings on campus, weather won't have an impact on residents' busy schedules."The weather won't keep our residents from seeing their doctor, exercising in the fitness center, participating in their favorite activities, or attending programs and events in the community," Zubowsky says.Proactive planningIf you've always envisioned maintaining an active lifestyle in retirement, Zubowsky recommends joining Emerson Lakes' Priority List.In addition to gaining right of first refusal on available floor plans, members receive exclusive community updates, like when new residence buildings are coming, and invitations to social and educational events."Emerson Lakes is already over 80% reserved in its first phase of construction. If you want to move in around the anticipated 2026 opening date, the Priority List can help," says Zubowsky. "Retirees are planning ahead so they can live independently and enjoy all that the community has to offer!"To learn more about independent senior living at Emerson Lakes, request your free brochure to get the scoop on amenities, floor plans, and so much more.

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Homewell Care Services Manatee County

Home Health 415 Manatee Ave East, Bradenton, Florida, 34208

We know there is no place like home. That's why we bring the highest quality of care right to your front door. With a personalized care management approach and a dedicated team of compassionate caregivers, you can expect more from HomeWell. Please call us at 941-303-5642 for more information. 

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At HomeWell, we address the immediate needs of our clients while anticipating future challenges to bolster and protect their well-being as they age. We are dedicated to the long-term effects of a masterfully crafted care planone that is both purposeful and proactive. HomeWell is not your average home care agency. With innovative Signature Programs, highly personalized and specialized services, and a culture that prioritizes your peace of mind, you can count on us to bring exceptional care and companionship right to your front door. As we age or face an injury, disability, or chronic condition, simple responsibilities around the home and taking care of our physical health can sometimes become too much to handle alone. However, with the right support, many of these everyday tasks can still be manageable and less overwhelming.HomeWells Personal Care services are designed specifically to meet the needs of individuals who can function on their own but require extra assistance with certain aspects of daily life. Our personalized care plans take into account the emotional and social needs of aging in place while providing additional support for activities of daily living. This approach alleviates the burdens of solitude, enhances safety, and offers assistance in navigating the complexities of life at home. Please call us at 941-303-5642 for more information.   Please call us at 941-303-5642 for more information.