Cost of Assisted Living
Some assisted living communities require a one-time community fee and that could be quite the range.
A community fee for month-to-month assisted living is different than a buy-in fee or an entrance fee with a CCRC. This is a one-time fee. We typically see these as low as $3,000 and in some of the newer, higher-end buildings as high as $40,000 to $50,000.
In terms of the monthly fixed costs, it depends on the community you choose and the type of apartment you select. Make sure you ask what, specifically, is included. In most communities, food and beverage, housekeeping, Wi-Fi, laundry, some transportation, and activities are included.
In the Seattle area, we see apartment as low as $2 - $3,000 a month, and as high as $9,000 for a newer, high-end community for a two-bedroom apartment with a view.
In terms of care costs, someone needing a basic level of support such as medication management, costs are around $500 monthly. If the resident is prescribed a lot of medicine, it can be $1,000.
An important question our care managers coach families to ask is: “Tell me about the resident that's getting the highest level of care that you can provide and what does that person pay for their care?” The answer can help family plan for the highest levels of care if and when needed.
We like families to understand the high as well as the low range of fixed costs and care cost in planning. As we age, care needs often change, and it's helpful to anticipate the factors that impact assisted living costs because the price structure is dependent on the level of care that a resident requires.
The community care assessment helps with determining initial care needs. It's important for families to sit down with a representative at that community to understand what supports are needed and the associated cost for care. Now is also a good time to plan ahead. Plan for how mom is going to age and how the community can or cannot support her.
Be prepared to ask questions, if relevant to your situation now or in the future, such as:
· Can you provide a two-person assist or transfer?
· Can you do a Hoyer lift, or the Sara lift for a non-weight bearing resident?
· Can you provide sliding scale insulin?
· Talk to me about open wounds and wound care. What does that look like?
· What does their license permit them to provide?
Resources:
Interested in exploring and planning for long-term care housing and not sure where to start? We can help! Schedule a free get-acquainted call today to learn more about your situation and to determine together whether our services are a good fit for your needs.
This podcast is part of a longer conversation between Nicole Amico Kane, Director of Care Management at Aging Wisdom, and Brenda Dodd, Director of Training and Special Projects at Áegis Living.
Cost of Assisted Living
Some assisted living communities require a one-time community fee and that could be quite the range.
A community fee for month-to-month assisted living is different than a buy-in fee or an entrance fee with a CCRC. This is a one-time fee. We typically see these as low as $3,000 and in some of the newer, higher-end buildings as high as $40,000 to $50,000.
In terms of the monthly fixed costs, it depends on the community you choose and the type of apartment you select. Make sure you ask what, specifically, is included. In most communities, food and beverage, housekeeping, Wi-Fi, laundry, some transportation, and activities are included.
In the Seattle area, we see apartment as low as $2 - $3,000 a month, and as high as $9,000 for a newer, high-end community for a two-bedroom apartment with a view.
In terms of care costs, someone needing a basic level of support such as medication management, costs are around $500 monthly. If the resident is prescribed a lot of medicine, it can be $1,000.
An important question our care managers coach families to ask is: “Tell me about the resident that's getting the highest level of care that you can provide and what does that person pay for their care?” The answer can help family plan for the highest levels of care if and when needed.
We like families to understand the high as well as the low range of fixed costs and care cost in planning. As we age, care needs often change, and it's helpful to anticipate the factors that impact assisted living costs because the price structure is dependent on the level of care that a resident requires.
The community care assessment helps with determining initial care needs. It's important for families to sit down with a representative at that community to understand what supports are needed and the associated cost for care. Now is also a good time to plan ahead. Plan for how mom is going to age and how the community can or cannot support her.
Be prepared to ask questions, if relevant to your situation now or in the future, such as:
· Can you provide a two-person assist or transfer?
· Can you do a Hoyer lift, or the Sara lift for a non-weight bearing resident?
· Can you provide sliding scale insulin?
· Talk to me about open wounds and wound care. What does that look like?
· What does their license permit them to provide?
Resources:
Interested in exploring and planning for long-term care housing and not sure where to start? We can help! Schedule a free get-acquainted call today to learn more about your situation and to determine together whether our services are a good fit for your needs.
This podcast is part of a longer conversation between Nicole Amico Kane, Director of Care Management at Aging Wisdom, and Brenda Dodd, Director of Training and Special Projects at Áegis Living.