Factoring the Cost of Medical Alert Systems into Your Budget

The cost of medical alert systems can seem opaque. Potential users will find that systems can range from a few dollars to a few hundred dollars per month for various devices, many of which may feel indistinguishable from the next. For devices that have few bells and whistles, it can be difficult to find a device that’s priced appropriately.

But the question remains: How much should you spend per month on a medical alert system? The answer is both simple and complicated: You should allocate as much as you feel comfortable spending.

This is different for every senior. The answer depends on:

·         where you live

·         if you own or rent your home

·         if you’re still working

·         how much you receive in social security benefits or a pension

Some seniors feel comfortable spending upwards of $1,200 a year on safety services, while others don’t want to allocate more than $20 a month. In the guide below, we’ll outline some of the more common senior financial experiences to help you figure out what you should spend.

Discover a Comfortable Rate

A comfortable cost of medical alert devices will change with your monthly expenditures and income. This looks different in every state. For example, the average cost of a house in Oklahoma is just over $140,000, but it’s more than $650,000 in New York. Similarly, social security benefits can differ significantly depending on where you live. Using those same states as an example, Oklahomans can expect to receive around $17,800 in annual benefits, whereas New Yorkers will receive almost $19,000.

If you’ve saved enough to allocate $3,000 per month ($36,000 per year), you should feel comfortable spending around $2,100 on monthly expenses, per the 70-30 rule. While not accurate for every state, the average American spends around $784 per month on housing costs and around $400 per month on a car. This leaves a little more than $900 to cover other costs, like food, gas, home repairs, utilities, and medical alert systems.

While this figure is not the same for each senior, there is one important unifying lesson: Keep the cost of medical alert systems low. This device should fit comfortably into your budget. If you find yourself budgeting around your alert system, you may need to reassess. Luckily, Alert1 has senior-friendly payment plans and options, no contract minimums, and low price points. 

Finding Solutions with Alert1

The cost of medical alert systems from Alert1 is always fair and carefully considered. If you compare medical alert systems companies, you’ll find that our products are neither the most nor the least expensive out there. But, in addition to a fair price, we have quite a bit more to offer. Folks who use our systems are consistently thrilled with customer service and the responsiveness of our call operators.

Importantly, when you press your button, we ensure we stay on the line with you until help arrives. Your comfort and safety are important to us. If spending a few extra minutes on the phone with a user makes a difference in their experience, we think it’s worth the effort. If you’re looking into medical alert systems, we urge you to consider the devices from Alert1. You’ll always get a fair price, a great product, and a compassionate service.