In the previous episodes of this series on The Cost of Senior and Long-Term Care Housing we reviewed the typical breakdown of costs for retirement communities:
- the one-time deposit or entry fee
- monthly rent
- the monthly cost of care
In this episode, we’ve going to talk about Unexpected Costs to help you better understand and prepare for future needs.
The costs of care include assistance with medications, dressing, showering, and reminders to go to meals or activities, and those costs will be in addition to the monthly rent.
When formulating a budget, you must take into consideration that the costs will increase over time as care needs change.
Overwhelmed by the options and costs, and now sure where to start? We can help! CLICK HERE to schedule a FREE get-acquainted call today!
Additional Resources
- Financial worksheet (from Aging Wisdom)
- Cost of Long-Term Care Survey for cost comparison
- ADLs and IADLs: What are they? (from Aging Wisdom blog)
- Ten Tips You Should Know to Manage Caregiver Stress (from Aging Wisdom blog)