Understanding Assisted Living in New England

One crucial aspect of retirement planning involves preparing for the potential need for assisted living. Assisted Living Facilities (ALFs) offer a balance of independence and care, making them an ideal choice for those who need help with daily activities but do not require the intensive medical care provided by nursing homes.

In Exeter, NH, and throughout New England, ALFs are vital in supporting the aging population, providing essential services in a community-focused environment. Here are key facts about assisted living in this region:

• The average cost of assisted living in New England varies—In New Hampshire, assisted living costs range from $5,000 to $7,000 per month, slightly above the national average due to the region’s high standard of living and quality of care.
• Many ALFs in New England offer specialized services, such as memory care for residents with dementia, wellness programs, and access to nature-focused activities that take advantage of the region’s scenic beauty.
• The demand for assisted living is growing—With a large percentage of the New England population over 65, more families are exploring long-term care options to ensure loved ones receive the best support.
• Staff-to-resident ratios tend to be higher than the national average, ensuring that residents receive personalized attention and quality care.
• New England is home to top-rated ALFs, known for their commitment to excellence, with many receiving accolades for their superior services and resident satisfaction.

Because the cost of assisted living can vary widely based on location, services, and amenities, it’s critical to incorporate these expenses into your financial plan. Many families are surprised by the high cost of care, making early financial planning essential. Options such as long-term care insurance, health savings accounts (HSAs), and structured retirement withdrawals can help cover these expenses without depleting assets.

At Crescent Wealth Partners, we specialize in helping individuals and families navigate the financial complexities of aging care. Whether you are planning for yourself or a loved one, our team can help you evaluate costs, explore funding options, and develop a tailored strategy to ensure a secure future.

Don’t wait until the need for care arises—start planning today. Contact Crescent Wealth Partners to create a financial plan that provides peace of mind for the years ahead.