Financial Planning for
Forest Trace Senior Living
Beyond priceless peace of mind, senior living can be more cost-effective than remaining in your home. We understand that financial considerations are a significant part of this transition, and our goal is to provide clear, reassuring information to help you plan confidently.
How Much Does
Senior Living Cost?
The cost of senior living at Forest Trace depends on the individual’s needs and required level of care. Before a new resident moves in, we conduct a comprehensive assessment to ensure we tailor our services to provide the best possible support and value.
Our all-inclusive monthly fee typically covers:
- Housing: Comfortable and secure accommodations
- Meals: Delicious, chef-prepared meals served daily
- Care Services: Personalized assistance with daily activities, medication management, and more (based on assessment)
- Housekeeping: Regular cleaning and linen services
- Activities & Programs: A vibrant social, recreational, and wellness calendar
Request a Personalized Assessment
Senior Living vs. Homeownership: A Cost Comparison
Many families are surprised to discover that the “all-inclusive” nature of senior living can often be more financially predictable and less burdensome than the ongoing costs of homeownership. When comparing, consider these everyday expenses associated with maintaining a home in Lauderhill:
- Mortgage or Rent Payments
- Property Taxes
- Home Insurance
- Utilities: Electricity, gas, water, internet, cable, trash removal
- Home Maintenance & Repairs: Unexpected expenses for plumbing, roofing, appliances, landscaping, etc.
- Groceries & Meal Preparation
- Transportation Costs
- Out-of-Pocket Healthcare Expenses
- Social & Recreational Activities
At Forest Trace Senior Living, our comprehensive services help save you time, stress, and often money by consolidating various expenses into one predictable monthly fee. This allows residents to enjoy their golden years without worrying about home upkeep.
Ways to Save on Senior Living Costs
At Forest Trace Senior Living, we’re dedicated to helping families find value:
- Veterans Benefits: We assist families with VA Aid & Attendance applications and offer a $100 monthly discount for Veterans.
- Tax Benefits: Annual tax-related statements can be provided for families to review with their advisors.
- Long-Term Care Insurance: Accepted for Assisted Living and Memory Care. Payments go directly to the resident or Power of Attorney.
- Resident Referral Program: $1,000 rent credit for residents who refer a new friend (after 90 days).
State Assistance Programs
Our community participates in Medicaid for eligible residents.
Local Resources
We partner with organizations such as the United Federation of Teachers, local senior centers, and senior retirement communities.
Next Steps: Plan Your Future
with Confidence
We invite you to experience the warmth and quality of life at Forest Trace Senior Living.
Our dedicated team is here to guide you through every step of the process. We will help you explore available financial options, answer your questions, and ensure you feel confident and secure in your decision.
