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Can You Negotiate Assisted Living Costs?
Date Updated: July 26, 2024
Written by:
Rachel Lustbader is a writer and editor with a background in healthcare and technology. Her work has been published on websites including HealthCare.com, BiteSizeBio.com, BetterHelp.com, Caring.com, and PayingforSeniorCare.com. She studied health science and public health at Boston University.
Both of Rachel’s grandmothers had very positive experiences in senior living communities, and Rachel saw firsthand the impact that kind, committed caregivers and community managers can have on seniors’ and their family members’ lives. With her work at Caring, Rachel hopes to help other families find communities, caregivers, and at-home products that benefit elderly loved ones and make life less stressful for family caregivers
You can negotiate assisted living costs at many communities. Consider asking for lower monthly rent or a reduced move-in fee. Assisted living facilities sometimes agree to reduce prices at the end of the month or quarter, when adding residents can improve the community’s financial outlook.
How do you negotiate assisted living costs?
To negotiate assisted living costs, start by asking the center to lower your monthly rent or waive the initial admissions fee. In addition, inquire about available specials and new resident incentives. If possible, offer to pay your rent in a lump sum or sign an extended lease in exchange for a lower rate.
Keep in mind that assisted living communities won’t negotiate prices when they have a long waiting list. It’s also more difficult to find reductions and discounts in high-cost-of-living areas. If you want to ask for a lower assisted living rate, consider exploring facilities in low-demand cities and states to find more affordable prices. Try to time negotiations for slow move-in seasons (winter instead of spring, for example).
How can you reduce the cost of assisted living?
Choosing the right level of care helps keep costs down. Many assisted living communities use a tiered pricing structure, so your rate increases as you add services. If your loved one needs minimal assistance or has access to amenities they don’t use, ask for a financial readjustment based on this information. Some centers have an all-inclusive pricing structure, but many use an a la carte pricing model, where you pay only for the services you need.
Creating a network of supportive friends and family can help you remain independent at a more affordable cost. For example, you may have loved ones willing to pitch in to help you run errands, prepare meals, offer social interaction and fulfill other needs that could help reduce assisted living fees.