Simpsonville has a lot of things to offer older adults with its warm climate and serene environment. It is closer to Greenville city and the total population is estimated to be more than 24,000 people. The environment is especially appealing to aging adults, so it is a perfect location to retire.
If your loved one is considering retiring in this community, below is the assisted living cost in Simpsonville, SC:
Cost of Assisted Living in Simpsonville
Simpsonville, South Carolina is closer to the metropolitan area of Greenville. Therefore, the cost of assisted living centers in both locations might be similar. According to the financial cost of care survey list prepared by Genworth in 2020, the average cost of living in Simpsonville and Greenville is $2,800.
This price is much more affordable than the National average which is $4,300. Generally, in South Carolina, the average cost of living in a residential community is $3,988. If your loved ones are looking forward to retiring to a location that will not stress their finances. Then Simpsonville is suitable for them.
In addition on record, Simpsonville holds the second position for the most affordable city after Sumter with an average cost of $2,200. The location has the lowest cost of assisted living for aging adults in South Carolina.
How to Pay for Assisted Living
There are many assistance programs available to help your elderly loved ones pay for assisted living in Simpsonville. However, your loved ones have to be eligible to access each assistance. Some of them are discussed below:
- Long-Term Insurance Care
According to the National Care Planning Council, long-term care insurance is one of the best options to cover the cost of assisted living. Unlike Medicare, this insurance will pay for the custodial care expenses of your loved ones. It can also cover expenses for disabled persons who need assistance with activities of daily living like bathing, dressing, walking, eating, and using the toilet.
As a policyholder, your loved one will have access to an estimation of $3000 a month for assisted living expenses. In addition, the premium for long-term care insurance is $100 a month.
However, there are factors that determine the specific rates for long-term care insurance. They include:
- Elimination period
- Health rating
- Inflation protection
- Length of benefits
While this is a good payment option for assisted living, as the primary caregiver you must review other options to choose the most suitable.
- Optional State Supplementation Program
Another financial assistance available for your elderly loved ones in Simpsonville is the Optional State Supplementation program. This program will cover expenses for suites, and meals and stipends will be available for your loved ones. This stipend will enable them to purchase other necessary items.
Conclusion
The average cost of assisted living varies according to each community. In some communities, your loved ones might be paying more than $2,800 while they pay less in other communities.
Before you start planning your elderly loved one’s transition to an assisted living center ensure you reach out to some centers for their pricing plan. Communities like TerraBella Summit will let you know how much assisted living will cost your loved ones.
