Pricing & Financial Planning

Assisted Living Costs and Options for Paying for Care

Decisions about leaving a long-time home and entering an assisted living facility are never easy. For many people, retirement home costs can be a deterrent. But The Herrick House may be more affordable than you think. That’s especially true when you weigh the costs of living in your own home against all the benefits that come with our in-house services.

Apartment fees at The Herrick House are priced on a per day basis and are determined by the style and size of the apartment chosen. We offer five different floor plans. Each features a kitchenette with a sink, refrigerator, microwave and cabinet space.

We would be happy to help you decide which apartment style is best for you. Please call 978-922-1999 for more information and current rates.

Our Prices vs. Living in Your Own Home

When you live in your own home, you’re responsible for upkeep and maintenance and bills like electricity, water and trash removal. Then there are other expenses such as transportation, food and entertainment. At The Herrick House, you don’t have to worry about any of that. Here, the costs of assisted living are included in our fees. What’s more, we offer important benefits and services that enhance your quality of life and give you and your family peace of mind.

We do the cooking, the cleaning and all the repairs. We even pay the utilities (except telephone) and drive you where you need to go. Add to that personal care services, free Wi-Fi, 24-hour security, fun activities, health monitoring, as well as opportunities for socialization and companionship. It’s easy to see how living at The Herrick House is money well spent.

Funding Options for Assisted Living

There are more ways to fund assisted living than you might realize. Everyone’s situation is different, but here are some possible options:

• Life insurance policies converted to long-term care benefit plans
• Long-term care insurance
• Reverse mortgages
• Savings
• Veterans’ benefits

Making Financial Decisions

There is a lot to think about. We suggest gathering financial information such as bank and retirement accounts, Social Security benefit details, insurance policies and pensions and annuities. It’s also helpful to create a list of recurring and outstanding bills.

Once you have everything together, talk with family members about the information and how The Herrick House could meet your needs. Speaking with a financial advisor may be helpful, as well. They can offer expert guidance and help you come up with a plan.

We’re Here for You

There are different ways to pay for your care — you might be surprised at your options. We’re happy to provide more information about life at The Herrick House and make sure all your questions are answered. Don’t hesitate to contact us.