How to Pay for Assisted Living in Bossier City, LA

How To Pay for Assisted Living in Bossier City, LA

Whether you are searching for a maintenance-free lifestyle among other older adults or looking for support to help your loved one meet their health and wellness goals, assisted living can be an excellent solution. Assisted living communities offer the ideal mix of personalized support and independence, giving residents easy access to amenities and services designed to make life a little easier and a lot more fun.

However, determining if assisted living in Shreveport-Bossier City, LA, can fit into your budget is a crucial part of the decision-making process. In addition to compiling your budget and comparing it to the costs of assisted living, don’t forget to explore other ways to pay for assisted living services.

Selling Your Home

Consider offsetting the cost of assisted living by selling your loved one’s current home. Assisted living communities are designed to offer a maintenance-free lifestyle for residents to enjoy for many years, making their current home obsolete.

Before selling the home, work as a family to take care of the possessions inside. You might be able to have an estate sale after giving away items to family members or donating items to favorite charities. Then, work with a Realtor to determine what projects around the house would give you the best return on investment, perhaps working to upgrade the landscaping to boost curb appeal or making adjustments in the kitchen and bathroom that would allow you to boost the price. Finally, you may benefit from working with a staging company to make the home look its best before putting it on the market.

Long-Term Care Insurance

While not everyone chooses to opt into long-term care insurance, you should check to see if your loved one has a policy. Each policy is unique, but there are many options that pay out monthly for assisted living services.

Contact your loved one’s insurance company to learn more about their specific policy and if it covers assisted living. If it doesn’t cover assisted living, it might still cover costs associated with transportation, medications, and home care services, which can be brought into the assisted living home as needed.

Curious about what Stiles Assisted Living looks like here at The Glen? Take a virtual tour!

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