What are the costs associated with assisted living communities?
The cost of living in an assisted living community varies with each community and will depend on the type of apartment and the services needed by the resident. The fees for assisted living are usually below fees that you would pay for nursing home care or in-home services. When compared to the costs of living in your own home, assisted living is usually less expensive as well. Residents pay privately for the fees and some assisted living communities may accept long-term care insurance to pay part of the overall costs.
The cost of living in an Assisted Living community varies with each community and will depend on the type of suite and the services needed by the resident. The rates for Assisted Living are usually below what you would pay for nursing home care or in-home services. When compared to the cost of living in your own home, Assisted Living is usually less expensive. Residents pay privately for the rates and services. Some residents may be eligible for Long-Term Care Insurance and/or the Veteran’s Benefit.
