My fathers MC was 6500 a month, everything included there but extra for haircuts, and we still had the DR visits, etc. Luckily they could mostly be done there for a reasonable cost. we are in MD metro area
In my central MN metro area an ALF one bedroom rents for$3900-4100 per mo. Some but not all meals included. Medication mgmt is $875/mo. More if it is injections. For my mom this put her cost around $60,000/year, BUT she still need about 8,000 or so for health ins premiums, prescription costs, vitamins, orthopedic.shoes, deductibles & copays, eyeglasses, DENTAL, cell phone, renter's insurance, clothing, and extra help getting to her doctor appointments (she can't take.a van, needs one on one assistance). It's really a good idea to remember all the things that ALF doesn't cover. Nobody can go into a facility and have zero extra expenses.
Unfortunately, that is about right for 2 people I am from that area originally.....here it is $6,000-$8,000 a month for one sooo......if their LTC policy is for so much and will only cover 2 years I would look into other options...Adult Family Care Home which I had to do when I could no longer afford $8,000 a month When gal on this site has her folks in a place in LA for about $2500 a month...couldn't believe it....but here they average $2500-$3500 a person would live in a private home with a caretaker/cna they may take 2-4 people just depends on the home. One home I looked at was huge, new and had a beautiful master suite for a married couple. They do all the cooking, cleaning, laundry etc...they still have freedom. That would make your LTC money go alot farther down the road. Check AHCA website for homes in your area and ratings just as an ALF. Crazy that the costs for our seniors is way out of control but we have the money to keep prisoners locked up at over $100,000 a year with free health care and dental......let's put that money towards our senior population and put the prisoners in tents in Arizona like the Sheriff Joe Arpaio was did! ...lol...very low come back rate for those prisoners! They didn't like living in a tent city......or wearing pink underwear! Good luck....
Is that the total for the two of them...breaking down to $5750 each? To be in a private 2 bedroom AL with med management in a nice (?) place in Encinitas, seems fairly reasonable. In 2004, my adopted mom was paying a little over $5000 for a central California Beach community NH (which usually cost more) for our Aunt in a 3-bed ward (just for purposes of comparison).
$ 11,500 for both? for AL that is somewhat on the high side but with medicine or prescription management that seems OK.
What I'd like to find out about is what is it like for you all to get the Genworth policy to actually pay and what sort of issues or problems you find with the LTC policy. Thanks!
We pay $5,600 a month for a two bedroom, two bath, with medical management in Salt Lake City, Utah. Dad (92) receives VA assistance and SSI. Mother (78) receives SSI. The combination of the three sources is not enough to cover the monthly expense. Their savings is dwindling. Best guess is they will not be able to afford this place after 2014. Dad is healthy - mom has dementia . Help!
The charge for my Mom's memory care place was $7200/month, all inclusive. My MIL is at 6500/mo for slightly less than full service care at a different AL. Both in north NJ. You don't have to keep them there. Take some time and check out other places to see if there is something that would work and cost less. For example, when looking for a place for MIL we found a wonderful place, gourmet food, lot's of trip, etc. It was about 2000/month more than the other places. Great place for a 70 year old, but we were looking for a late '90s person who wasn't about to go on day trips and honestly doesn't appreciate gourmet food. We don't have to pay for services that aren't appreciated by the resident.
Point of interest for other care givers. The fact that yo had only 3 days to identify/choose a facility is not unusual. It's easier to look when you aren't in a rush or desperate. It's a task that can be done slowly and methodically when we see our loved ones BEGIN to decline. I did this over a 4 month period and checked out 9 different places. When my Mom got hospitalized, I saw a few more places. Continued while she was in rehab. It's a process and it's important to identify what is important to you and your loved one, not the social worker at a rehab place 2 days before discharge.
I had researched other places but threw info away. We hired a geriatric care manager because we had to move them in 3 days and needed help. The mngr. Said she negotiated this deal. I saw the averages so this just seems high. 9 people moved out last month because of rent raises continuous over 5 years.
The average cost for a private one-bedroom apartment in an assisted living residence is $3,022 per month, according to research compiled by several nonprofit senior living organizations, including the Assisted Living Federation of America.
I do wish this forum allowed edits for those typos. In the post above so should be to.
The more I think about this post, the more depressed I get. How long can these folks live in assisted living if their cost is 11,500/mo? That's more then 110,000 a year. But surely it's not $11,500 a year with med mngt for two. If so, then I'd worry about there being something seriously wrong with the place. Either way, it's a bad situation!
Crazy that the costs for our seniors is way out of control but we have the money to keep prisoners locked up at over $100,000 a year with free health care and dental......let's put that money towards our senior population and put the prisoners in tents in Arizona like the Sheriff Joe Arpaio was did! ...lol...very low come back rate for those prisoners! They didn't like living in a tent city......or wearing pink underwear! Good luck....
What I'd like to find out about is what is it like for you all to get the Genworth policy to actually pay and what sort of issues or problems you find with the LTC policy.
Thanks!
Point of interest for other care givers. The fact that yo had only 3 days to identify/choose a facility is not unusual. It's easier to look when you aren't in a rush or desperate. It's a task that can be done slowly and methodically when we see our loved ones BEGIN to decline. I did this over a 4 month period and checked out 9 different places. When my Mom got hospitalized, I saw a few more places. Continued while she was in rehab. It's a process and it's important to identify what is important to you and your loved one, not the social worker at a rehab place 2 days before discharge.
The more I think about this post, the more depressed I get. How long can these folks live in assisted living if their cost is 11,500/mo? That's more then 110,000 a year. But surely it's not $11,500 a year with med mngt for two. If so, then I'd worry about there being something seriously wrong with the place. Either way, it's a bad situation!