Studies have showed that one-third of Americans will eventually need some care as they age. Quality care does not come on a platter of gold. You have to pay for it and seek skilled caregivers that can provide such care.
Although there are various options for the elderly to access quality care through government programs, you don’t have to leave your care to chance. Saving for your care as you age is the best way to ensure you enjoy quality care that suits your needs.
If you have enough funds in your savings, you can easily choose the senior living community that suits your needs, or if you choose to live in your home, you can easily hire expert caregivers to attend to every aspect of your needs.
Although you may not be able to save entirely for the entire costs, that doesn’t mean you should give up. Here are some tricks to save as much as you can on senior living costs.
- Take advantage of employee benefits
Many organizations provide various kinds of employee benefits to their staff. If you are still working, it would be best to ask about the employee benefits you are entitled to annually. This could go a long way to fund your senior care expenses and enable you to live your envisioned retirement life.
- Consider long-term care insurance
Many seniors invest in long term care insurance to help them access quality health care during their golden years. However, it’s crucial to choose the right policy and seek expert advice from a professional insurance broker.
- Consider relocating
There are specific states where you can incur lower costs of living as a senior. By this, we mean you may have lesser bills to pay if you decide to make it your home after retirement. You could enjoy specific tax exemptions, pay fewer taxes, and even access cheaper services.
- Downsizing
If you plan your life after retirement, you may consider cutting down on certain costs and avoiding impulse buying. Cancel memberships and subscriptions you no longer need, slash your call rates, avoid eating out frequently, and find free travel tours instead of spending thousands of dollars on paid vacations.
- Get expert advice
Getting help from a professional regarding your senior living needs is never out of place. Consider speaking with CALIFORNIAREGISTRY.COM for FREE assistance.
CALL 800-777-7575
How our FREE service works
Our family-first process will help you find the right senior living community for your loved one.
Connect with an expert senior living advisor
Review a personalized list of communities
Tour sites and finalize the placement
Do You Need to Find Care Right Away?
Our Senior Living Advisors can help with:
- Hospital discharge
- Rehab Facility discharge
- Alzheimer’s & Dementia care
California Registry (established in 1939) a.k.a. Cal Registry is a DBA & SM of Elderlink, Inc.®
California Department of Public Health License #960000942
California Department of Social Services Community Care Licensing #6002629740
California Registry is a state licensed referral service.
We are paid by our participating communities, therefore our service is offered at no charge to families
California Registry
638 Lindero Canyon Rd #172
Oak Park, CA 91377
Live Agent Available 24/7
Tel: 1-800-777-7575
Fax: 1-800-508-2080
