Wondering why the cost of senior care homes is getting very expensive nowadays? Well, there are several important factors that are taken into consideration when determining the cost of senior housing facilities. Keep in mind that prices of each senior care facility may vary depending on the specifications you are looking for.
These factors will determine senior care fees:
1. Type of facility
What type of facility are you looking for? Do you or your senior loved one need an Independent Living, Assisted Living, Memory Care or Skilled Nursing? Usually Memory Care facilities and Nursing Homes are more expensive than Assisted Living. Independent living, on the other had tend to be the most affordable one since no care is usually provided in this type of facilities. However, Independent Living communities can also be expensive especially if it is a high end community. For instance, there are some luxury senior care communities that charge over $7000 per month. This is due to the amenities and numerous programs offered in the community.
2. Special needs
When people with certain disabilities require special attention of highly trained professionals the monthly cost is usually higher. Remember, the higher the level of care is, the more expensive it gets.
3. Location, Location, Location
I’m sure you’ve heard this several times. The price of the property depends on the city and state where the senior care facility is located. Usually if it is in major cities, the monthly cost is higher. You might want to consider senior care facilities that are outside of the city if you are concerned about the cost. Studies show that the cost of living in rural areas are cheaper compared to living in urban areas.
Some senior care facilities offer recreational/social activities and some don’t. Additional services like laundry, banking, transportation services, etc. may be available for an added fee. If you want a community with more amenities and services, expect to pay more.
5. Additional Services
The cost would depend on the care level. The higher the level of care is, the more expensive it gets. Assistance with daily living like eating, bathing, toileting, grooming, dressing-up, medication management and other personal services are available for an additional cost.
6. Size of Facility
Size varies from a board and care home to an upscale resort-style living retirement community. The more luxurious you go, the more expensive the senior care home becomes.
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About the Author: Catharine D. Allado is a Senior Care Expert and the COO of SeniorCareHomes.com – A trusted and comprehensive online directory of Senior Care Homes such as Assisted Living, Nursing Homes and other types of Senior Housing in California, Florida, New York, Arizona and the rest of the United States. SeniorCareHomes.com also provides FREE Assisted Living options to help seniors and families find the best Senior Housing on the planet!
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