What does an Assisted Living Community typically cost?
As reported by the 2006 MetLife Market Survey of Assisted Living Costs, the costs associated with assisted living averaged $2,968 per month, or $35,616 yearly. That’s up 2.2% or $63 from 2005 and 17.6% from 2004. Just as Assisted Living residences vary, so too do their costs, which depends mostly on the size of units, services offered, and location, according to the National Center for Assisted Living (NCAL). The MetLife reports concurs that rates range considerably by region, with North Dakota the lowest ($1,742 monthly) and the Bridgewater, New Jersey area the highest ($5,197 monthly). Although many long-term care insurance policies offset some of the costs, most Assisted Living expenses are covered by the family of residents since most elders do not have such long-term coverage. Medicare does not cover Assisted Living, but under certain circumstances, some state and local governments offer subsidies for rent or service for income-eligible seniors, according to the Assisted Living Fe
