Financial Planning for
Cottages at Peoria
Beyond priceless peace of mind, Memory Care 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
Memory Care Cost?
The cost of Memory Care at Cottages at Peoria 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: Specialized Memory Care, 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
Memory Care vs. Homeownership: A Cost Comparison
Many families are surprised to discover that the “all-inclusive” nature of Memory Care can often be more financially predictable, safer, and less burdensome than remaining at home. When comparing, consider these everyday expenses associated with maintaining a home in Peoria:
- 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 Peoria, our comprehensive Memory Care services help enrich the quality of life for the resident, as well as save families time, stress, and often money by consolidating various expenses into one predictable monthly fee. This peace of mind is priceless.
Ways to Save on Senior Living Costs
At Cottages at Peoria, we provide several ways to make senior living more affordable:
- Veterans Discounts: Monthly rent discount for Veterans and spouses.
- Long-Term Care Insurance: Accepted for Memory Care (including ALTCS and private insurance options).
- Resident Referral Program: Monthly specials vary—call us for current details.
State Assistance Programs
Our community participates in Medicaid programs to help eligible residents offset the costs of care.
Next Steps: Plan Your Future
with Confidence
We invite you to experience the warmth and quality of life at Cottages at Peoria.
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.
