Dissecting the Cost of Assisted Living

Experts advise families to do their homework before moving mom or dad into an assisted living community as the more you know about retirement communities, it helps avoid sticker shock as well as an unhappy parent. The recommendation is to tour at least two potential communities in order to make an informed comparison.  

Prices for assisted living typically are determined by the amount of senior care services the person requires. Many offer a tiered system of care to allow residents to safely age in place as health conditions change so remember to ask about how often care plans are evaluated. Other reasons costs can vary include room type, i.e. selecting a studio or one- or two-bedroom floorplan; as well as suite location, a scenic view or balcony. 

Be sure to ask what services and activities are included in the basic cost of the community. You will want to know about upfront deposits, community and move-in fees. Additionally ask about the procedure for moving out and what type of notice you need to give. 

Han Hwang, executive VP of partner sales and success for Caring.com, an online resource for those caring for aging parents, spouses and other loved ones, says “it’s really important to know exactly what you’re getting and to do an apples-to-apples comparison” when choosing an assisted living community. Often monthly costs include a fee for room and board along with the level of care, medication management and any other ancillary services. To help you stay within budget, Hwang say to anticipate services you may need over the next 12 to 24 months.

MorningStar at Observatory Park recently opened its doors to residents. Our contemporary senior living community in South Denver offers 60 assisted living suites in a selection of studio to one- and two-bedroom floorplans. To add to your comfort and convenience, amenities include a full salon, bistro, club rooms, art studio, fitness center and more. Our Reflections Neighborhood provides 23 memory care suites. Contact us to ask about availability and our Move-in Specials.

 Source: health.usnews.com/best-senior-living/assisted-living/articles/assisted-living-costs