How Much Does It Cost for Assisted Living in Indiana - PowerPoint PPT Presentation

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How Much Does It Cost for Assisted Living in Indiana

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The minimum cost of assisted living in Indiana is around $2,650 and the maximum cost could be as high as $6,225 on a monthly basis. The average cost of these facilities is around $3,925 and yearly it will be around $47,100. The cost of this care is anticipated to increase by 1% down the road. – PowerPoint PPT presentation

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Title: How Much Does It Cost for Assisted Living in Indiana


1
How Much Does It Cost For Assisted Living In
Indiana?
  • www.stonecrestofmeridianhills.com

2
Common Services Available in Assisted Living in
Indiana
  • When searching for assisted living communities
    in Indiana you will find each one provides a set
    of diverse amenities. It is not as intensive as
    nursing home care however, it still provides
    seniors with the necessary support whenever its
    required. Some of the services offered by
    assisted living include transportation, meal
    preparation 2-3 times daily, help with daily
    chores such as bathing, eating and dressing.

3
Useful Facts About Assisted Living in
Indianapolis
  • In the state of Indiana, there are around
    38,875 assisted living beds and approximately
    10.9 of the population is above 65 years of age
    and this number is growing.
  • There are also more than 843,780 total people
    over the age of 65 which makes it equal to 39
    beds per 1000 seniors in the state of Indiana.

4
The Cost of Care in Assisted Living Communities
  • The minimum cost of assisted living in Indiana
    is around 2,650 and the maximum cost could be as
    high as 6,225 on a monthly basis. The average
    cost of these facilities is around 3,925 and
    yearly it will be around 47,100. The cost of
    this care is anticipated to increase by 1 down
    the road.

5
Considerations When Searching For Assisted Living
Locations
  • No two people are same and their needs will
    obviously be different in an assisted living
    facility. Taking some time to consider the
    options will help ensure you find the ideal
    location for you.
  • Scheduling facility tours is a great idea and
    it gives you an opportunity to ask them some
    questions so that you can get to know the
    facilities and cost structure involved. Some
    questions to ask are
  • Is there an option for extra care in the future?
  • Is transportation provided for residents?
  • Are there any planned activities for the
    community residents?
  • Does the community charge a flat rate for all
    services or do they provide a la carte items?

6
Ways to Cut Cost of Assisted Living Facilities
  • There are some ways to cut costs of assisted
    living facilities. In some places, Medicaid can
    offer some help but this is not a program
    designed to address long-term care costs. Seniors
    can sell their homes and use the funds to pay for
    the cost involved or consider a reverse mortgage
    which is something offered to seniors only.
  • Additionally, there are several organizations
    in Indiana which help military veterans and
    surviving spouses. When its time to start
    looking into assisted living for you or a loved
    one we hope these tips help you to find the best
    service available.

7
Thank You for Your Precious Time
  • Stonecrest of Meridian Hills
  • 8549 N Meridian Street
  • Indianapolis, IN 46260
  • Phone (317) 253-2020
  • Fax (317) 253-2022
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