Senior Assisted Living

ASSISTED LIVING is for those who…

• need assistance with activities of daily living such as grooming, bathing, medication management, toileting, and mobility.
• require such services as laundry, household chores, maintenance, and meal preparation.
• crave regular opportunities for socialization but are unable to achieve it without help and guidance.
• prefer a regular routine and predictable schedule of activities.

Assisted living communities are the more appropriate choice for those who have physical or cognitive impairments that necessitate assistance with the activities of daily living, such as grooming, dressing, bathing, mobility, meals, medication management, and safety/security.

However, their impairments are not severe enough to require full-time skilled nursing care. Similar to independent living, most assisted living communities offer private apartments for their residents as well as a full schedule of social activities.

How Much Does Senior Assisted Living Cost?

The 2015 Cost of Care Survey, conducted on behalf of longterm care insurer Genworth, puts the national median monthly rate of living in an assisted living facility at $3,600, which is an increase of 2.86 percent over 2014 and a 2.48 percent annualized growth rate over the last five years.

However, costs vary based on services provided and geographic location. LTCG, the leader in business process outsourcing for long-term care insurance, identifies Washington, D.C., as outpacing all 50 states as the most expensive location for assisted living with annual costs in excess of $97,000, which is more than double the national median average of $43,200.

The cost of assisted living often depends on what type of assistance you require. Some assisted living communities offer “a la carte” pricing, meaning that you only pay for the services you need. Depending upon your needs, you may wish to opt for this type of pricing model or it may be more economical to choose an all-inclusive plan.

Memory care in assisted living is more costly. According to the latest available statistics from Genworth, memory care costs are approximately $5,000 per month, or about $1,400 more than the average cost of assisted living.

 

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