Assisted Living is a good option for seniors who require assistance with daily tasks but want to maintain their independence and stay active. These senior communities typically have trained team members available 24/7 to help with everything from medication management to grooming or bathing. It's important to explore your options when choosing the right Assisted Living community.

Two key factors seniors consider when exploring their Assisted Living options are amenities and services. At The Providence in Fairfax, VA, residents enjoy high-end accommodations, personalized care, and an engaged lifestyle.

Another common factor seniors consider is the cost of Assisted Living in Fairfax, VA. This guide breaks down Assisted Living costs to help you better compare your options.

What Determines the Cost of Assisted Living in Fairfax, VA?

Several factors affect the cost of Assisted Living in Fairfax, VA, including:

• Location. Where the senior living community is located has a major impact on costs. It typically represents the cost of living in that particular area. For instance, Northern Virginia is home to many upscale communities, so it’s not surprising that it offers luxury Assisted Living communities.
• Level of care. The level of senior care a resident requires also affects costs. Residents needing 24/7 Skilled Nursing care often pay higher fees than those living in Assisted Living communities.
• Amenities and services. Luxury amenities and services, such as concierge services, fine-dining options, and wellness programs, add value and can improve your quality of life. Oftentimes, these extra services involve higher senior living costs in comparison to standard communities.

The Value of Luxury Senior Living at The Providence

The upscale services at The Providence are well worth the cost. Residents enjoy:

• Restaurant-style dining that includes chef-prepared meals and specials
• Around-the-clock professional team members, including a licensed nurse, is available to assist with activities of daily living or provide support as needed
• Robust social calendar that includes wellness programs, activities, holiday celebrations, and social outings

What’s Included in Assisted Living Pricing?

When evaluating Assisted Living costs, it’s important to consider all the services included in these fees, such as:

• Personalized care plans tailored to meet each senior’s specific needs
• Weekly housekeeping
• Regular home maintenance
• 24/7 concierge services
• Access to the on-site fitness center and wellness clinic
• Lifestyle and wellness programs for physical and cognitive well-being
• A robust calendar of daily activities

Exploring Financial Planning & Payment Options

Paying for Assisted Living is often a concern for seniors. The good news is that there are several payment and financial planning options available for seniors of all ages and income levels. Here’s a look at the most common senior living payment options.

• Private pay. Many seniors self-pay Assisted Living costs by using funds from their pensions, Social Security, and investments.
• Long-term care insurance. If you invested in long-term care insurance, you can use these funds to cover some or all of your Assisted Living costs. It’s important to read the details of your specific policy to determine what costs are covered.
• Veteran benefits. If you served in any branch of the United States Armed Forces, veterans benefits may cover some or all of your Assisted Living costs. You must meet set income and medical need requirements to qualify. Contact your local Veterans Affairs office to learn more.
• Medicare/Medicaid options. Typically, Medicare doesn’t cover the cost of Assisted Living. However, it may cover some of the services you receive there, such as doctor visits and on-site therapy. It may also pay for medically necessary equipment, such as wheelchairs and walkers. Medicaid, on the other hand, does cover Assisted Living costs, but you must meet strict income requirements.
• Selling your home. Many seniors use the profits from selling their homes to pay for their senior living expenses. The problem is that you may not be able to sell your home before you want to transition to Assisted Living. If this happens, you can consider a bridge loan that can provide short-term funding while you wait for your home to sell.
• Family support. In some cases, family members have the financial means to cover some or all the Assisted Living costs for their loved one.
• Life insurance conversion: Depending on the type of life insurance plan you have, you may be able to use some of its value to cover the cost of Assisted Living. Check with your insurance provider to see if your plan qualifies.

Most seniors use a combination of funding options to cover the cost of Assisted Living. For example, they may use their benefits from long-term care insurance and private pay any remaining balance. It’s best to work with a senior living advisor who can help you compare the most cost-effective options.

The Providence Offers Upscale Services

The Providence provides exceptional value for those seeking upscale Assisted Living options in Fairfax, VA. Residents have access to luxury accommodations, high-end amenities, and exceptional staffing. Use our convenient financial calculator to compare your cost-of-living expenses.

Contact The Providence at 571-550-9102 today to learn more about our Assisted Living community.