It’s a known fact that the cost of Assisted Living facilities can be damaging to a family’s wallet. Programs are costly, financial aid is hard to come by, and finding the right place for the right price feels like an impossible mission at times. On a recent article by Focus On Mexico, “Assisted Living and Nursing Homes” enlightened us to the fact that the cost of and independent and assisted living in Mexico is 30% less than living north of the border. This means that tons of more and more of the elderly are moving to Mexico in search of less costly retirement options. When it comes to getting the care that you or your loved one need, there are many factors that drive the decision to move there and cost is at the top of that list.
Breakdown of Independent Living and Assisted Living in Mexico:
Advantages of Independent Living in Mexico
If you’re looking to get into Independent Living, which includes: your own private villa, three meals a day, numerous activities, and a beautiful view, you will pay on average around $1,000 a month. This is less than half of what you would pay in the United States. One misconception about Independent Living in Mexico is Medicare will not pay for your long-term care. So if you have a low income and you require a nursing home level of care, Medicaid does not pay for assisted living services if that is all that is needed. These are useful facts to know if you were planning to rely on Medicare or Medicaid to financially aid you in your move.
Advantages of Assisted Living in Mexico
If you or someone you know requires Assisted Living, the starting cost in Mexico is $1,300 a month. That’s a price that we haven’t seen in the U.S. for over ten years. This is because minimal labor costs in Mexico enables the communities to keep the monthly prices very low. However, this move means that you may be moving farther away from your family and friends and that your visits may become limited. For many people, this is a deal breaker, because no matter how much of a discount you want, nothing can replace seeing your family and acquaintances while you’re under the care of unfamiliar people.
Crime Rates in Mexico
Something that may cross your mind when considering to move to Mexico for Independent or Assisted Living is whether or not you need to worry about the crime rates in Mexico. To be honest, it just depends on where you decide to move! Crime is generally not a deterrent to the elderly that decide to move down south. In places like Lake Chapala, one of the most popular places for Assisted Living, there are numerous like-minded people, and the communities go out of their way to provide a safe and caring environment. Make sure to do research on any of the areas you’re considering to move to for the sake of your own safety and privacy.
Should I Move to Mexico for Assisted Living?
After examining the facts, one can easily see that moving to Mexico could be beneficial to some people, but others may choose to remain in the United States for personal reasons. There is without a doubt, a cheaper charm to moving to Mexico. But this article demonstrates that the cost of Independent and Assisted Living can vary greatly no matter where you go. At Lifetime Solutions, not only do we offer financial aid programs for veterans and the elderly that qualify for it, but we also will always help your family locate the best possible community available, with respect to the care needed, and that is within your budget.