Discover the Cost of Senior Living in Denver
Managing retirement budgets is difficult when senior living’s pricing structure is not advertised in large, bold letters.
Seniors and family members could make informed decisions if they knew the actual cost of assisted living in Denver.
Senior living communities do not typically advertise how to pay for assisted living. It would be helpful if they did. That’s why The Courtyards at Mountain View has created this guide to the cost of living in Denver for seniors.
When investigating senior living pricing, it helps to know what services and benefits are included.
Understanding the financial aspects of senior living can be a daunting task, especially given the varied costs associated with:
- Independent living communities
- Assisted living facilities
- Memory care centers
It is crucial to know exactly what you’re paying for and how you can cover the costs. Many older adults use personal savings, long-term care insurance, and other financial assistance options.
With the recent announcement of cost of living adjustments in Social Security benefits, many seniors are starting to reconsider whether assisted living or memory care fit into their budgets. The 5.9 percent increase is sure to help your decision.
Are Senior Living Communities Private Pay?
The Courtyards at Mountain View is a private pay independent living and assisted living community in Denver, CO. We are also proud to offer families quality time with our Connections memory care program.
Navigating the world of senior living and understanding the costs involved can often feel like a complex maze. One common question is: “Are senior living communities private pay?”
To answer simply, yes, they are.
Choosing a senior living community is essentially a matter of personal preference. Think of it as a similar process to renting an apartment or booking a hotel room.
The amenities, the location, and the unique perks of each community all play a significant role in your decision-making process. And paying for these essential services is up to you, just like any other investment.
Residents cover the costs of private pay senior living communities through various means, such as:
- Personal savings
- A reverse mortgage
- Long-term care insurance
- VA Aid and Attendance benefits
At The Courtyards at Mountain View, we strive to provide a range of options to cater to different budgets and financial situations. This flexibility allows us to accommodate independent lifestyles for older adults who do not require nursing home care.
Figuring out how to cover assisted living costs can be overwhelming. Our team is always available to help. Consult our guide on potential financial assistance opportunities.
What Level of Senior Living is Best for Me?
There are many types of senior living facilities in Denver. At The Courtyards at Mountain View, we promote a community-based approach to the three most popular options.
Independent Living
Independent living is an excellent choice for retired people who wish to maintain an active and vibrant lifestyle. Our community is designed with numerous amenities, including fitness programs and social clubs. We give socially active adults countless opportunities for engagement, exercise, and enjoyment.
This option presents a carefree lifestyle with all the comforts of home, without the burden of home maintenance or chores.
Assisted Living
Assisted living is all about personalized care that meets your specific needs. We understand that each person is unique, and our care plans reflect that.
Residents receive help with daily tasks such as:
- Medication management
- Personal care
- Mobility
- Bathing, dressing, and grooming
This form of senior care offers peace of mind and independence. Professional support is available round the clock. In 2023, the national average of assisted living was $5,350 per month.
Memory Care
Our Connections memory care program is designed specifically for individuals experiencing Alzheimer’s or dementia.
Dr. Sandra Petersen designed the signature Connect, Move, Learn activity sequence. Her research in neuroplasticity created a program that:
- Provides engaging activities that stimulate cognitive abilities
- Promotes social interaction
- Enhances overall well-being
- Slows progression
Everyone deserves to live a life filled with purpose and dignity, regardless of memory loss. Our dementia care team delivers compassionate support in a secure environment.
What Are You Paying for in Senior Living?
Hospitality services to make life easy and health care for peace of mind, such as:
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What Is a Base Rate?
Like staying in a hotel, the base rate is the daily cost breakdown. Depending on the size of your apartment, the base rate is between $90 and $150 a day. The Courtyards at Mountain View features various apartment layouts, from studios to two-bedroom apartments.
What Does the Base Rate Include?
- Three meals a day and snacks prepared by our culinary team using seasonal ingredients that are locally sourced
- Access to the wellness center and exercise classes
- Community transportation to appointments, excursions, and shopping
- Housekeeping, linen service, and maintenance
- Access to the activities calendar
- Special events and parties your community hosts
- Utilities paid
Assisted Living in Denver: Cost of Care Services
Each assisted living resident requires different services. Communities provide various tiers of care to keep the cost reasonable and specific to the individual. Based on an assessment, senior living experts determine which level of support is best for the resident.
Assisted living care services may include:
- Licensed and registered nurses
- Medication management
- Dressing services
- Bathing services
- Assistance with dining needs
- Behavior tracking and management
- Incontinence care/management
- Secure environment for individuals with memory loss
- Personal check-ins throughout the day
- On-site physical, occupational, and speech therapy
With our personalized services, the cost of senior living in Denver is manageable for older adults.
What’s the Difference Between Hospitality and Health Care?
Hospitality and health care are the two types of pricing structures in senior living. Hospitality, like a hotel, implies full access to amenities and activities. Health care is a sliding scale cost depending on needs.
A person who only needs diabetic care will pay less than someone who needs memory care and assistance with daily living activities. While everyone has the same access to activities and meals, care services are personalized.
How Does Senior Living Compare to the Cost of Living at Home in Colorado?
The Genworth Cost of Care Survey is a fantastic resource for comparing the cost of senior living across the country. Comparing state by state, you may find care is cheaper in a location closer to friends or family.
The monthly average cost of assisted living in Colorado in 2023 was $5,073.
The most recent Denver average for assisted living is $5,000 per month. Nearby cities like Fort Collins, Greeley, and Colorado Springs are more expensive.
It’s a bit of homework, but adding up your monthly budget and comparing it to the cost of assisted living for a month can be surprising.
Think of the things that factor into the cost of senior living:
- Meals
- Transportation
- Housekeeping
- Linen service
- Landscaping
- Utilities
- Entertainment
- Fitness classes and activities
- Basic health monitoring
Think of the things you do not need to pay for with senior living pricing in Denver:
- Property tax
- Home repairs
- Home remodels
- Surprise utility bills
Is the Cost of Senior Living in Colorado Worth It?
The majority of Colorado senior living communities are found along the I-25 corridor. With so many options available, Denver offers the most competitive cost in this area.
At The Courtyards at Mountain View, residents enjoy access to modern amenities in spacious, accessible apartments.
Our complete activities calendar means there’s never a dull moment. Participate in a wellness program, attend a live concert, learn a new hobby, or simply relax outside in the shade — the choice is yours.
How Do I Discover the Price of Senior Living Near Me?
Contact The Courtyards at Mountain View today. Speak with a senior living expert who can answer your questions and help you navigate the journey to independent living, assisted living, or memory care in Denver, CO.