Added up costs for 2024

[Anonymous]

Anonymous wrote:OP’s mom’s “memory care” is about $11,000 per month? Not sure what’s included in that but my parents are in private assisted living (1 w/ memory care) and pay about $9,000 for both of them.

Costs vary depending on location. She may have entered a CCRM. We are in an ultra high cost area and my grandmother’s AL was 9k+ depending on level and SNF was 11k

[Anonymous]

Anonymous wrote:Oh yes, it's very expensive. Prepare for the costs to probably quadruple in the next 4 years as more boomers age and more private equity firms take over the assisted living homes, and medicade/medicare are eliminated.

How do these Trump folks think they will be able to cover their parents' nursing home costs if Medicaid is gutted?

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP’s mom’s “memory care” is about $11,000 per month? Not sure what’s included in that but my parents are in private assisted living (1 w/ memory care) and pay about $9,000 for both of them.

Costs vary depending on location. She may have entered a CCRM. We are in an ultra high cost area and my grandmother’s AL was 9k+ depending on level and SNF was 11k

Sorry, new here. What’s CCRM & SNF?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Oh yes, it's very expensive. Prepare for the costs to probably quadruple in the next 4 years as more boomers age and more private equity firms take over the assisted living homes, and medicade/medicare are eliminated.

How do these Trump folks think they will be able to cover their parents' nursing home costs if Medicaid is gutted?

Prices will go up even higher if a lot of the employees get deported. Looks like a cluster!

[Anonymous]

You do need to be rich. My parent will spend $144k for assisted living this year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have no idea on your mom's lifestyle prior to entering memory care...but I would imagine that my own expenses just to exist as a single person and have a decent lifestyle (restaurant meals several times per month, travel, rent/mortgage/home maintenance, utilities, groceries, etc.) would probably be like $6,500/month.

I don't know if $139k per year is a nice facility or not...but I guess I look at this as I am paying an additional $50k per year for the memory care facility vs. my expenses on my own.

I don't know if people think that's excessive or not...but it seems reasonable to me.

NP. When it is even more difficult is when there is a spouse that is fine and still living in their home. Then the base expense isn't eliminated, but the memory care and potential aides are added.

Eldercare if needed is a huge problem for many people.

Yep. If we had to pay this much for two of them, it would be very hard.

For parent 1, we paid around $8k a month for memory care in 2018. By 2024, just assisted living was $10-11k. In 2025, it’ll be 11-12k. Memory care is more.

[Anonymous]

Anonymous wrote:OP’s mom’s “memory care” is about $11,000 per month? Not sure what’s included in that but my parents are in private assisted living (1 w/ memory care) and pay about $9,000 for both of them.

What part of the country?

[Anonymous]

CCRM:
Continuing Care Retirement Commu nitty

SNF
Skilled Nursing Facility

[Anonymous]

Correcting my own spelling:

CCRM:
Continuing Care Retirement Community

SNF
Skilled Nursing Facility

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP’s mom’s “memory care” is about $11,000 per month? Not sure what’s included in that but my parents are in private assisted living (1 w/ memory care) and pay about $9,000 for both of them.

Costs vary depending on location. She may have entered a CCRM. We are in an ultra high cost area and my grandmother’s AL was 9k+ depending on level and SNF was 11k

missed one: what's AL?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP’s mom’s “memory care” is about $11,000 per month? Not sure what’s included in that but my parents are in private assisted living (1 w/ memory care) and pay about $9,000 for both of them.

Costs vary depending on location. She may have entered a CCRM. We are in an ultra high cost area and my grandmother’s AL was 9k+ depending on level and SNF was 11k

missed one: what's AL?

Assisted living

[Anonymous]

Yeah, my mom has great nursing home insurance and we are in a low cost of living area but it covers four years! I get nervous whenever I see one of those photos on facebook of an older woman blowing out the candles on a 100th birthday cake. Wondering if she has been in memory care for 16 years and how they are paying for it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP’s mom’s “memory care” is about $11,000 per month? Not sure what’s included in that but my parents are in private assisted living (1 w/ memory care) and pay about $9,000 for both of them.

What part of the country?

Western PA — 4 hrs from DC

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP’s mom’s “memory care” is about $11,000 per month? Not sure what’s included in that but my parents are in private assisted living (1 w/ memory care) and pay about $9,000 for both of them.

What part of the country?

Western PA — 4 hrs from DC

Since when is Western PA a High cost of living area?

[Anonymous]

Anonymous wrote:OP’s mom’s “memory care” is about $11,000 per month? Not sure what’s included in that but my parents are in private assisted living (1 w/ memory care) and pay about $9,000 for both of them.

My mom is not yet in memory care, but she is at a high level of care at Sunrise AL. Rates went up in January so we are now paying about 10,500-11,000/month.