Georgia is a great place for seniors because of its mild temperature and affordable living expenses. Whilst Atlantic Ocean provides popular beaches like St. Mary’s, Savannah, and Jekyll to its eastern section, mountain ranges like the Appalachians and the Blue Ridge Mountains offer a tranquil setting for trekking in the north. Atlanta, the capital of the state of Georgia, is where the Centennial Olympic Park, the Atlanta History Center, and Stone Mountain are situated.
Independent living, which enables senior adults to preserve their independence and only receive assistance when necessary, is a popular choice among the state’s active senior adults. Independent living communities are often maintenance-free and might include everything from food to housework. In Georgia, the mean monthly cost for an independent living complex is $2,275. This article covers how to make payments for independent living as well as the expenses associated with independent living facilities in Athens, GA, and in the state of Georgia in general.
The Price of Independent Living
Based on factors like the state where one lives, the size and kind of accommodation (for example, a studio flat vs a 2-bedroom townhouse), the facilities offered, and the available services, the price of taking up residence within an independent living facility varies substantially. While certain communities charge extra for such services, several independent living facilities could include meals, laundry, housekeeping, and transit in the monthly price. Additionally, some extras, like a subscription fee for an exclusive golf course, may be required for specific facilities.
Sadly, because most communities do not publicize this information, it is difficult to find out how much a particular community costs. However, the mean monthly price is between $1,000 and $10,000, or to put it another way, the mean yearly price is between $12,000 and $100,000. Please be aware that both extremely modest and expensive independent living facilities fall within this pricing range. Certain independent living communities may charge a one-time admission fee between $500 and $1,500 in conjunction with the monthly price.
Making Payments for Independent Living in the State of Georgia
Since most insurance providers do not cover the fees, the majority of senior adults depend on retirement funds to finance independent living expenses. Certain long-term care insurance policies pay for services provided in the home and in the community, like housework and grooming. Reverse mortgages, veteran’s benefits, and annuities are other options available to seniors for financing independent living. Seniors with low incomes may be eligible for programs run by the Department of Urban and Housing Development of the US, which provides rental aid and public subsidies. For these programs, there is typically a waiting list, though.
Is One Able to Use Medicaid to Make Payments for Independent Living in the State of Georgia?
The monthly charge for living in an independent living facility cannot, sadly, be covered by Medicaid. There may be financial support programs offered to assist with the price of care in independent living for senior adults who require assistance with the activities of daily life (ADLs).
