Is it Affordable? The Cost of Senior Independent Living Explained
Is the cost of senior independent living reasonable? It is one of the most asked questions by those considering their future or the future of their loved ones. Should they remain in their home, where the risks of injuries or being alone are higher, or make the decision to move into a senior independent living environment that may provide better care?
It’s certainly reasonable to worry about affordability within retirement communities. Yet, there are some locations, including Menno Haven, that are committed to making independent living not only comfortable and supportive but also valuable and competitively priced.
Understanding the Costs of Senior Independent Living
One of the most important factors to consider is the type of environment that is provided. Independent living communities offer a lifestyle that balances independence with the convenience of having various amenities and services close at hand.
However, the costs associated with senior independent living are much more in line with what you may be paying now for day-to-day care (with a few key differences).
- Housing and maintenance costs: Much like rent and upkeep costs, this makes up the bulk of the price for any type of senior living environment.
- Utilities and property taxes: Depending on the situation, such as if you own the property, you may be paying for utilities and property taxes, much like you do now.
- Meals, transportation, and entertainment: These are often costs that many people do not think about initially when it comes to the costs of living, but they do factor into their quality of life.
At Menno Haven, you do not have to worry about the individual costs for each area as you would in your own home. Instead, you pay one all-inclusive fee for the services you receive, covering everything you need.
Financial Benefits of Menno Haven
Living at Menno Haven or another senior independent living community can help seniors make their money go further. Consider a few reasons why:
- You do not have to worry about increasing property taxes or an unstable real estate market any longer.
- You can live comfortably in a space you love without worrying about an unexpected maintenance task requiring costly emergency support.
- There’s less frustration with paying for services that you need, such as personal care.
With a predictable monthly service fee, you gain full peace of mind, knowing exactly what you are getting and what the costs will be.
Tax Benefits
Living at Menno Haven also comes with tax benefits, thanks to Pennsylvania’s property tax and rent rebate program, which provides up to $1,000 in rebates. Since Menno Haven owns and maintains properties, residents face far less cost risk.
Peace of Mind Value
There is something incredibly important about peace of mind when you reach retirement age. With Menno Haven, you do not have to worry about your care, meals, transportation, or entertainment costs. Yet, you have access to a continuum of care when needed including personal care, skilled nursing, and short-term rehabilitation and at home care.
Long-Term Financial Protection
Menno Haven protects your assets against market fluctuations and helps you prepare for the unexpected. You have a plan in place to cover health emergencies, including the support you need. That helps reduce the burden on family members. More so, Menno Haven is committed to providing low operational costs through good stewardship.
The Affordability Calculator
But what is the cost of senior independent living to you? With Menno Haven’s personalized cost assessment tool, the affordability calculator, you can see exactly what to expect, giving your clarity on affordability.
Finding the Right Care Matters
With Menno Haven, you have financial benefits and peace of mind. Check out the affordability calculator to determine your personalized cost options and contact us to learn more.