Financial Planning for
Cottages at Riverside
Beyond priceless peace of mind, Memory Care 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
Memory Care Cost?
The cost of Memory Care at Cottages at Riverside 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: Specialized Memory Care, 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
Memory Care 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, safer, and less burdensome than remaining at home. When comparing, consider these everyday expenses associated with maintaining a home in Riverside:
- 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 Cottages at Riverside, our comprehensive Memory Care services help enrich the quality of life for the resident, as well as save families time, stress, and often money by consolidating various expenses into one predictable monthly fee. This peace of mind is priceless.
Ways to Save on Senior Living Costs
At Cottages at Riverside, we believe senior living should be attainable. We support families with the following:
- Veterans Discounts: $100 per month for Veterans and their spouses.
- Long-Term Care Insurance: Accepted for Memory Care (we work with a variety of insurance providers).
- Resident Referral Program: $500 rent credit applied during the 3rd, 4th, 5th, and 6th months after a referred friend moves in.
State Assistance Programs
At this time, Cottages at Riverside does not participate in state assistance programs. Please contact us for guidance.
Next Steps: Plan Your Future
with Confidence
We invite you to experience the warmth and quality of life at Cottages at Riverside.
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.
