Financial Planning for
Colonial Heights
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 Colonial Heights 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 Florence:
- 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 Colonial Heights, 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
Colonial Heights is committed to offering value and affordability through multiple options
- Veterans Discounts: $100 off monthly rent for Veterans and their spouses.
- Tax Benefits: Families may be able to deduct up to 30% of annual rental costs for Assisted Living—consult your tax advisor for details.
- Long-Term Care Insurance: Accepted for Assisted Living and Memory Care (families must initiate the process with their provider).
- Resident Referral Program: Current residents can earn a $750 rental credit when their referral moves in.
State Assistance Programs
State programs are currently unavailable at Colonial Heights. Please contact us for private pay details.
Local Resources
We refer families to organizations such as the Senior Resource Center of Northern KY and the Aging & Disability Resource Center.
Next Steps: Plan Your Future
with Confidence
We invite you to experience the warmth and quality of life at Colonial Heights.
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.
