Tips to Help Make Assisted Living More Affordable

When we open in the spring of 2019, MorningStar of Rio Rancho will proudly offer the best senior housing in Rio Rancho. Our beautiful 70,863-square-foot community is situated on a 5.5-acre lot and has 51 private assisted living suites as well as 26 secure suites devoted to the care of those with Alzheimer’s and other dementia-related diseases. 

For residents in assisted living, your monthly fee is based on the size of the suite, location within the building and view, and your level of care (we offer 5 levels) as determined by a thorough assessment with our Wellness Director. The fee for memory care residents is all-inclusive (suite and care) and is one packaged price. 

To help families find ways to make assisted living more affordable, we provide information on a variety of innovative financial options and other often under-used benefits. One such example is to make veterans aware of the “Aid & Attendance” pension benefit. We refer them to the U.S. Department of Veteran Affairs where they can find out if they qualify. 

Another resource to help pay for assisted living is Long-term Care insurance. To see what expenses, and/or up to what amounts, will be covered under your policy, review your Benefits Summary section to learn about the specifics of coverage, daily benefit, policy limit, and elimination period. 

Many people also overlook life insurance policies as a source for funds. However in some cases, whole life and universal life policies can be used to raise funds through cash surrender, death benefit loans and other means. We recommend consulting your accountant or tax advisor for information on any tax liabilities you may incur. 

Furthermore be sure to ask about MorningStar of Rio Rancho’s Founders Club savings of up to $5,000 (available for a limited time only). Please stop by our onsite Information center at the northwest corner of Westside Boulevard and Golf Course Road or give us a call. We look forward to meeting potential residents and their families.

At MorningStar of Rio Rancho, we are proud to offer the best senior living with our distinct mission statement - “to honor, to value, to invest.” With a foundation built on honoring God, valuing all seniors and selecting staff with a felt calling to serve, we create a true home for residents in a beautiful setting. Opening in spring of 2019, we invite you to visit our Information Center to learn more about compassionate assisted living and memory care in Rio Rancho, NM.