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Financial Planning

Know Your Options

Moving to senior living doesn’t have to break the bank. Use our tools and resources to help you weigh your options.

Financial planning tools

The cost of moving vs. staying at home

For many families, weighing the cost of choosing a senior living community compared with living at home can feel daunting. But it may not be as expensive as you think. When you tally up the cost of housing, utilities, groceries, home care and transportation – many older adults spend more living alone. Use this worksheet to get a side-by-side comparison of your current living expenses and the rates at an Elegance community.

Current Monthly Expenses Your Present Home Senior Living
Mortgage or Rent Payment
Caregiving
Home or Renter’s Insurance
Utilities (Electricity, Gas, Water, Sewer, Trash Removal) Included
Property Insurance & Taxes Included
Lawn Care & Landscaping Maintenance Included
Housekeeping Included
Maintenance & Home Repairs Included
24-Hour Security Included
Laundry Service (Washer & Dryer) Included
Transportation (Insurance, Gas, Registration, Repairs) Included
Dining Included
Social, Cultural & Recreational Events Included
Exercise & Wellness Programs Included
24-Hour Emergency Alert System Included
Full-Time Activities Staff Included
Total Monthly Expenses

Your Present Home

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Senior Living

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Tax Deductibility

Depending on the type of services you need, you or your responsible party may be eligible to deduct up to 100% of senior living fees – including apartment, dining and personal care services – on your tax return.

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