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Assisted living – what are the benefits for me?

The older you get, the more difficult it often becomes to cope with everyday tasks. Physical limitations and illnesses can make simple errands a problem and daily life a challenge. Assisted living offers a good care option for such circumstances.

In assisted living, residents live in their own apartments that are specially designed for care. Such apartments are often located in special residential areas and residential buildings. Assisted living combines the advantages of independent living in one's own home with the advantages of a care facility.

If necessary, residents can receive meals and care that are equivalent to the services provided by a nursing home. Assisted living therefore combines the advantages of living alone with the care services of a professional nursing facility.

Assisted living with a care level

If the accommodation is adequately equipped, people in need of care, i.e., people with a care level, can of course also take advantage of assisted living. Ultimately, the circumstances determine the extent to which comprehensive care is feasible and, in severe cases, whether assisted living is appropriate.

Buy? Rent? Additional services? There are several criteria that influence the cost of assisted living. In general, however, the price level is above the regional average rent. The local prices for basic rent and utilities, plus an additional flat rate of approximately 10 to 20 percent of the monthly basic rent for basic building services such as an emergency call system or a caretaker service, can be used as a price guide when looking for suitable accommodationfor basic building services such as the emergency call system or caretaker service, etc., can be used as a price guide when looking for suitable accommodation.

Offset care allowance against care costs

However, rent alone is not enough. There is also a flat-rate care fee. The costs for any additional services that can be selected individually must be paid by the tenant, as must the total costs of assisted living itself. The regulations regarding financial support based on a care level can be partially offset against the costs of the flat-rate care fee for assisted living or offset against the care allowance. The basic services of assisted living include, among other things, building services, an emergency call system, and various care services.

Are you thinking about moving into assisted living and don't know what to do with your property? Contact us! We will be happy to advise you.

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Legal notice: This article does not constitute tax or legal advice in individual cases. Please consult a lawyer and/or tax advisor to clarify the facts of your specific case.

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