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Eldercare
Reply to "Ballpark idea of costs/finances needed to move to continuing care community?"
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[quote=Anonymous]There are many different financial plans. My parents went into an Erickson facility—high buy in, but lower monthly (still pretty high, but less than other plans), and 90% refunded. There are others with no buy in and it’s just a monthly rent. So a one bedroom, might be $2,000-3,000 for a high buy in, it will be $4,000-5,000 for monthly only. Then other places have several different plans you can choose from. So you might have a much lower buy in, but only get 30% back. In my experience they only place that had a health requirement was a place that had a one price guarantee. Meaning regardless of the level of service you need, it’s the same price. So you’ll pay more in IL, but if you move up to AL or MC, you will still pay the same amount. They need you to be healthy so you can be in IL as long as possible before you move up to higher levels of care. [/quote]
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