How do you find assisted living in Tampa, FL for one of your parents? What if you live out of state? There are so many decisions to make to help ensure that you choose the most suitable assisted living facility for your mother or father.
A senior living advisor helps families find the most appropriate senior living option for their loved one in Tampa, FL. They serve the local area and know the local facilities to help you make the best decision.
According to Genworth, the average cost for assisted living in Tampa, FL, is $3,225 per month. Many families find that the cost of assisted living in Tampa, FL, is less expensive than in-home care.
Another advantage is that your loved one will receive nutritious meals, housekeeping, activities, and 24-hour on-site support. Many Tampa assisted living communities utilize a van or minivan to take residents to shop, go on outings, and go to and from doctors’ appointments.
Cost is partly determined by the size of the unit — studio, one-bedroom, or two-bedroom. If both of your parents are living, a two-bedroom unit is an ideal solution for many couples. Pricing is also dependent on the level of care. Some Tampa assisted living facilities are all-inclusive, while others are a la carte or charge a fee for additional services.
Located on Tampa Bay, which opens to the Gulf of Mexico, Tampa is a popular choice for retirees. Warm weather, beautiful beaches, golf, and fishing — they all contribute to Tampa’s appeal. Some 3 million people call the Tampa metropolitan area home.
The weather is a big draw. Tampa boasts 264 days of sunshine annually. From October through April, daily highs range between 70 and 85 degrees. Winter lows are in the 50s. Thunderstorms are common during the summer, but the sunshine always returns.
The Tampa metropolitan area is home to more than 50 hospitals. According to U.S. News & World Report, the top hospitals are:
H. Lee Moffitt Cancer Center and Research Institute, which is located in Tampa, is a National Cancer Institute-designated cancer treatment center. Tampa General has a top-rated Acute Care for the Elderly unit.
Senior residents have access to reliable transportation, both within the metro area and for travel outside Tampa.
Art, historic buildings, restaurants, and sporting events provide something for almost everyone to enjoy.
Many families find that it takes a combination of financial sources to help pay for their loved ones to live in a Tampa assisted living community. Here are some potential sources of funds to help you care for your loved one.
If a parent or their spouse served in the military during a period of war, they could qualify for a program called Aid and Attendance. These benefits can help pay for care in an assisted living facility. To learn more about Aid and Attendance, talk to the Tampa Assisted Living Locator Care Advisor.
Your parent may have purchased a long-term care insurance policy. Most LTC policies cover costs in any state-accredited assisting living facility.
Suppose your parents’ home has appreciated. In that case, you can utilize a home equity line of credit (HELOC) or reverse mortgage to fund the costs of a a Tampa assisted living community, providing the other spouse can stay in the home. If no spouse survives, the sale of the home will generate funds to help pay for care.
Medicare doesn’t pay for the monthly cost to stay in a Tampa assisted living community. However, Medicare continues to pay for doctors’ visits, tests, and hospital stays. If you have Prescription Drug Coverage (Part D), it still covers your prescription medications.
Like Medicare, Medicaid does not cover the room-and-board portion of assisted living facilities. However, Home and Community Based Services (HCBS), a Medicaid program, may be able to contribute toward the medical costs. There is usually a long waiting period to qualify for this help.
Each resident has a small apartment, efficiency apartment, or room within a larger building. The assisted living property offers common areas where residents eat, socialize, or have organized activities. A Tampa assisted living facility provides help with Activities of Daily Living (ADLs) — including bathing, dressing, eating, and toileting.
It’s time to consider assisted living when your loved one struggles to complete Activities of Daily Living (ADLs). You might notice bruises caused by recent falls. You realize that they are not safe alone in their home.
Some costs may be deductible — both medical and longer-term expenses may be tax-deductible if they exceed 7.5% of your adjusted gross income. Your parent must be considered “chronically ill.” That means your loved one isn’t able to do at least two daily activities without assistance. So if your loved one needs help bathing, dressing, or toileting, some of their expenses would be deductible. Either their doctor or a nurse needs to certify your loved one’s needs. A licensed health care provider needs to prepare a plan that the facility will follow. Adult children, in certain circumstances, may claim the deductions if they contribute more than half of their loved one’s support.