Wisdom Wednesday: Aging Wisdom's Podcast
Wisdom Wednesday: Aging Wisdom's Podcast
The Cost of Senior and Long-Term Care Housing: Will It Break the Bank?
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
An educated consumer is a wise consumer. And senior and long-term care housing can be filled with added costs and fees that may catch you off-guard if you aren’t aware of them ahead of a move.
Understanding what you will pay is essential. That is why we cover the breakdown of costs in this episode and get more specific in subsequent episodes.
We have included a financial worksheet--which you can download from here --to help keep track of information as you are making inquiries of different communities.
As we covered in earlier episodes of our podcast, there is a wide variety of senior housing options including independent retirement communities, assisted living, memory care, skilled nursing/rehab, adult family homes, and Life Plan or Continuing Care Retirement Communities (CCRCs). They all have different costs, fees, and services.
Before selecting a community and for a successful move, it is essential to understand:
- the level of care required (and any limitations)
- associated costs
- how costs will change or accelerate over time
- how that community will align with the social needs and preferences of the person in your care
Our expertise in this area provides you with in-depth knowledge to avoid pitfalls when choosing a senior housing community. And as Aging Life Care Managers, we follow a code of ethics that ensures we are recommending housing options that are most suited for you, and without accepting commission or referral fees.
Our Aging Life Care Professionals (aka geriatric Care Managers) have the experience and knowledge to guide you on planning for today as well as the future.
Not quite sure what steps to take next? You can schedule a get-acquainted call with us to determine together whether our services are a good fit for your needs.
Additional Resources
- Financial worksheet (from Aging Wisdom)
- Cost of Long-Term Care Survey for cost comparison
- Cost of Long-Term Care (Aging Wisdom podcast episode)
- How Do You Pay for Long-Term Care? (Aging Wisdom podcast episode)
- When is It Time to Move? (Aging Wisdom blog article)