The Cost of Senior Living

Whether the decision to move to a senior living facility such as Evergreen Senior Living, is motivated by choice or by necessity, it always has financial aspects that need to be weighed carefully to find the optimum solution: the best available facility and form of care for affordable costs. The prices charged by assisted living facilities vary by region and by the complexity of the services offered or made available to residents, so the exact monthly amount that the elderly resident or the family will have to pay depends on several factors, but here is an estimate of what to expect, based on a nationwide study:

• Independent living – these facilities are for people who are still independent and able to take care of themselves most of the time, but would feel more comfortable knowing that there is on-site medical and other help around when needed and would like to live in a neighbourhood of people belonging to the same age group. The prices charged for moving into this type of facilities usually start from $2,500;
• Assisted living – these facilities provide 24/7 medical staff and many other assistance services for seniors who cannot take care of themselves on their own and need help with everyday activities, including dressing and bathing. These facilities are available for around the price of $3,800;
• Memory care – these special facilities are for people suffering from dementia or Alzheimer’s disease and they offer specialized medical care, therefore they are the most expensive forms of senior living facilities, with prices around $5,000.

First Posted over here: The Cost of Senior Living