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Lifestyle

Pricing Structures in Assisted Living

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As seniors or their family members research various assisted living facilities, they will inevitably see statistics showing the average monthly cost of assisted living and other types of care.

These are great tools for getting a ballpark idea of assisted living expenses, but the cost can vary dramatically among different regions, facilities and even among different residents within a facility. Understanding why begins with understanding how pricing works.

Here is a breakdown of the types of fees you can expect:

Upfront fee (one time)

Most assisted living facilities will charge future residents a reservation deposit. Sometimes referred to as a “community fee,” this deposit may be a couple thousand dollars or so and reserves the accommodations of your choice for a certain period of time. Typically, this deposit is not applied to any other charges and is sometimes refundable only if the would-be resident is unable to move into the facility for health reasons.

Base fee (monthly)

In short, this is your monthly “rent” once you live in the assisted living facility. The cost varies depending upon the size of the residential unit and whether you live alone or have a companion. Most base fees are inclusive of most utilities, basic housekeeping, maintenance, and some meals. The base fee is also based on the type of services you need; i.e. independent living, assisted living, or memory care.

Care services fee (monthly) 

This fee typically uses a tiered approach based upon the level of care you need (or want), and it gets added to the monthly base fee. The level of care is usually based on the number of ADLs (activities of daily living) for which a resident requires regular assistance. ADLs include activities such as bathing, eating, dressing, toileting, etc. For example, the monthly cost of care services may range from $150 or so for tier one and could go up to a few thousand dollars per month for tier five assisted living care. Accurately assessing the amount of care needed is one of the most important aspects of the decision process and also one of the more difficult to understand. The more thorough, clinical, and detailed the assessment, the better the plan of care and understanding of the cost.

Example: Suppose one assisted living community says the cost per month will be around $5,000 and another says it will be around $6,000. Also suppose you actually like the higher cost facility better but ultimately choose the lower cost facility because it will save $12,000 per year. However, after about a month of living in the community you get a call saying that more care is required than originally thought and it will bump you into the next tier. Now it will cost in excess of $6,000 per month, which is more than the other facility that you liked better to begin with.

Medication management & other ancillary services (monthly)

Many seniors need assistance remembering to take medicines at the right time and in the right

dosage, so most assisted living communities provide medication management services for an additional fee – usually a few hundred dollars per month, depending on the complexity of the medicine administration. If needed, additional ancillary services like physical or occupational

therapy would also be charged on a monthly basis, as well as non-care related services, possibly including parking, additional meals, and some activities.

All-inclusive assisted living pricing

An assisted living provider that operates under an all-inclusive pricing model spreads the total cost of services for the entire facility across all residents. In theory, some residents would pay more than they might pay in a la carte facility and others will pay less, depending on the amount of care they are receiving. The advantage, however, is that residents can more accurately plan for their monthly cost over the long term, regardless of the level of care received. Yet, some all-inclusive facilities may have a cap on the degree of services they can provide under the all-inclusive price. They may also charge for other ancillary expenses on occasion so be sure to inquire about all of the potential costs or limits.

Low income options

For seniors that qualify a government-supported assisted living facility will provide services at a lower overall monthly cost. You can contact the specific agency in your state to learn more about affordable senior living options in your state and qualification guidelines. Most of these facilities will also accept Medicaid.

Medicare will not help

As you can see, the monthly costs associated with assisted living vary widely and can really add up, so it is important to plan ahead for this potential expense. A major misconception among consumers is that Medicare will cover the cost of assisted living, but this is not the case if assisted living is the only type of care required. Medicare only covers skilled (medically necessary) care, and for a temporary period of time. Medicaid, on the other hand, may cover the cost of assisted living if your assets have virtually been exhausted.

The above article was written by Brad Breeding of myLifeSite and is legally licensed for use.

 

Giving Thanks!

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Happy Thanksgiving! What a wonderful thing!  A whole day dedicated to giving thanks for what we have individually, and as a family or group!

If you are looking for a reason to be thankful, research has shown that being thankful is actually good for your health. Can an “Attitude of Gratitude” really change your health?

Click above to learn more.

Peg’s Perspective: Taking Care of Your Telomeres

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“Fifty Tips on Aging Well to Celebrate 50 Years of Excellent Service”

As The Wesley Communities approach 50 years of excellent service, our CEO Peg Carmany offers “Peg’s Perspective” on a variety of topics affecting seniors and their adult children as they plan and choose to age well – 50 tips to celebrate 50 years!

Peg’s Perspective:

As we age we all think about many health tips we have learned along the way.  But, emerging research suggests that taking care of our telomeres should be our top priority! Click above to learn why!

Why move in the fall and winter?

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It may seem crazy to move during the fall and winter months—especially in Columbus, Ohio! But there are many benefits to moving during this time. Despite the chilly temperatures, you may be able to avoid scheduling nightmares, save money, avoid damaged belongings, and sell your house more quickly.

Click above to read more…

Peg’s Perspective: More about a good attitude. . .

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Tip # 5

“Fifty Tips on Aging Well to Celebrate 50 Years of Excellent Service”

As The Wesley Communities approach 50 years of excellent service, our CEO Peg Carmany offers “Peg’s Perspective” on a variety of topics affecting seniors and their adult children as they plan and choose to age well – 50 tips to celebrate 50 years!

This blog focuses on good attitude.

Central Ohio Bucket List

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Summer is here in central Ohio, and we are all spending a bit more time outdoors. I’m sure you are looking for fun, safe, and active adventures to do with your loved ones. The summer time is the perfect opportunity to create memories that will last a lifetime! But, what will you do this summer? Not to worry, our list includes fun adventures right here in central Ohio. Whether you’re age 5 or 65, check out our ultimate summer bucket list!

Peg’s Perspective: Fifty Tips on Aging Well to Celebrate 50 Years of Excellent Service

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As The Wesley Communities approach 50 years of excellent service, our CEO Peg Carmany offers “Peg’s Perspective” on a variety of topics affecting seniors and their adult children as they plan and choose to age well – 50 tips to celebrate 50 years!

Tip # 1 of 50 – What’s the key to a long, healthy, and happy life?   

Answers from an interview with Joe and Millie Anderson — people who know how it’s done!

4 Things to Try when Facing a Tough Time

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By: Kayla Statema

I’m sure you have heard the saying, ‘April showers bring May flowers.’ And, even as we grow and change as a company, the weather at our communities in central Ohio continues to prove this quote true. But, this short phrase is so much more meaningful than just getting through Columbus, Ohio weather!

People often look back on this quote when battling a rough patch in life. Sometimes it can be hard to see the positive that can come out of a tough time, but it’s important to keep a few things in mind when facing a challenging situation.

  • Let go of guilt and forgive

When you and your family are facing a tough time, it is important to understand that everyone will not quite be themselves. Little things that you would brush off before, may now make you upset. And, the same is true for your family and friends who are facing difficulties. You are not to blame for this, and neither are your friends and family. You all must learn to let go of guilt when you act out of character. And, you must forgive when someone you love acts out of character. If you cannot let go of guilt and find forgiveness, it will start a cycle of anger between you and your family, your friends, as well as yourself.

  • Allow others to help

It’s important to allow others to help. You may not be able to take on as much as you used to at work or at home. During a difficult time, it is important to be open and honest about what you are going through. And, if someone offers a helping hand allow them to assist you. During this time someone cutting your lawn or picking up a shift at work can make a world of a difference in your wellbeing.

  • Notice positive gestures

When you are going through a hard time it’s easy to be angry at the world. So, during this difficult time challenge yourself to look at the world in a different light. Thank the person who held the door open for you. Embrace the person who picked up the tab for your morning coffee. And, thank your spouse who stopped by the grocery store to pick up the milk you needed. Noticing these small gestures can make a difference on your overall attitude. If you are finding it difficult to notice these positive gestures, try starting a gratitude journal. Then, before you go to bed each night, note the things that happened that day which you are grateful for.

  • Be kind to yourself

You’ve probably heard this before, but it’s so important. Take time for yourself during tough times. A tough situation can take up a lot of your free time so, it’s important to make the most of every minute. Go for a walk to get fresh air. Take a hot bath with aroma therapy to relax. Or, if you have a bit more time, schedule a massage or a day trip. This may help to balance out the emotions you are feeling.

We know it can be hard to keep in hindsight, but always remember—April showers bring May flowers. As people, we will always change, hit rough patches and face challenges. But ultimately, a move to a new city, may bring us closer to new friendships. The passing of a loved one may allow you to be more understanding and compassionate in the future. And, no matter what the scenario, one day you may be able to help others going through a similar situation.