Financial Planning for
Cottages at Palm Springs
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 Cottages at Palm Springs 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 Palm Springs:
- 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 Palm Springs, 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
Cottages at Palm Springs makes affordability possible with:
- Veterans Discounts: $100 off monthly rent for Veterans.
- Long-Term Care Insurance: We help families with monthly paperwork, though payment goes directly to the resident.
- Resident Referral Program: $1,000 rent credit for current residents who refer a friend; applied after the friend moves in for 90 days.
State Assistance Programs
This community does not accept state assistance programs but will refer families to other communities if needed.
Local Resources
We collaborate with the Mizell Center to connect residents with additional services.
Next Steps: Plan Your Future
with Confidence
We invite you to experience the warmth and quality of life at Cottages at Palm Springs.
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.
