Customized support. Desired value.
Design upgrades available for our
Studio Deluxe Apartments.
A lot of people are curious about the cost of senior living and long term memory care in Texas. You get a lot for your money at The Monarch, including access to resort-style amenities and features, all surrounded by a stylish and comfortable setting. This is in addition to apartments that are large and accommodating for visiting family and guests. The Monarch is truly a reward for all of your hard work. With no large up-front fees and a monthly rental fee that helps you stay in control of your budget, the support you need is within reach.
Contracts and fee structure.
The community has a one-time fee of $2,000. The monthly fee for assisted living starts at $4,225 with four wellness package options based on individual abilities ranging from $400 to $1,550. ValeoTM memory care starts at $6,475 and is all-inclusive.
What’s included in the monthly fee for senior living in Texas?
The monthly fee for our community includes full-range services that give you great value. Here are the services, amenities and spaces you can enjoy – all included in your monthly pricing:
- 24-hour team support and health monitoring
- All-day restaurant-style dining led by an executive chef
- Private dining room available for special occasions
- Outdoor grill
- Walking paths
- Resident garden space
- Scheduled transportation to local appointments, errands and events
- WiFi in common areas
- On-site parking for residents and guests
- Salon and barber shop
- Game room
- Volunteer programs
- Alzheimer’s and dementia support group
- Emergency bathroom response system and alert pendant or wristband
- Nurses on call 24/7
- Wellness center offering checkups and monitoring
- Newspaper delivery
- Pet-friendly environment
- Emergency bathroom response system
- Utilities included, except phone/cable
- Personalized wellness programs
- Entertainment, social events and educational programs
- Housekeeping, laundry, linen services
- Maintenance and repairs
- Landscaping and trash removal
Cost of Aging in Place vs. a Senior Living Community
At first, aging in place may seem like the more affordable option. While your home mortgage may be lower, you should also consider your other bills and spending. Often, once you bundle all the expenses of aging in place together, the cost of a senior living community in Richardson, Texas may offer equal or greater value.
For example, if you age in place, you’ll have to budget for your mortgage and property taxes, as well as utilities, groceries, housekeeping, entertainment and transportation expenses. You’ll also have to pay for any at-home healthcare and wellness programs. Once you add up all these costs, senior living may be just as affordable as aging in place.
You may even find that senior living communities give you more amenities, resources, and opportunities than living at home for the same price, such as all-included meals and 24/7 health assistance on demand. That doesn’t even include the peace of mind that a senior living community offers. By choosing senior living, you’ll have everything you need right at your doorstep.
We’re thrilled to welcome veterans to our community. If you or a loved one is a veteran, you may be eligible to receive financial assistance for assisted living or medical care. The U.S. Department of Veterans Affairs offers a benefit called Aid and Attendance, which is intended to offset long-term health costs for senior veterans. The benefit typically ranges between $1,200-$2,200/month and can be used to pay for communities like ours.
The Monarch at Richardson has customized incentives and specials to save you up to $5,000 on monthly fees, services, move-in assistance, downsizing, apartment customization, furnishings and much more. This offer is our way of welcoming you into a life of luxury and peace of mind.
These savings, coupled with our brand new renovations, allow you to customize an environment that works best for you. The Monarch is here to help you live your life to the fullest. Contact our team today to schedule a virtual tour and explore our newly renovated community.