Reply to Ballpark idea of costs/finances needed to move to continuing care community?

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[quote=Anonymous][quote=Anonymous]It's so complicated. They require a financial application as well as a health evaluation. And most have various buy-in structures as well as monthly fee schedules as well as dining plans. I don't know of any resource that allows apples-to-apples price comparisons.

For my mom, who is now at Vinson Hall in McLean, she had to have a physical with her primary care physician as well as a mental evaluation at the facility (which was not that in-depth). She was using a rollator at the time (has since had spinal surgery so doesn't need it all the time), and the front lobby is like a rollator parking lot, so that doesn't seem to be a disqualifying factor -- I think it's more an issue of whether you're going to be safe living in your apartment by yourself or with a spouse.

Do you have a good handle on your parents' finances, including all assets and all liabilities? Do your parents have long-term care insurance? It would be ideal to start getting that information together now (as well as power of attorney/healthcare proxy) because it only gets more complicated as time goes on.

If either parent has a military officer or civil service background, I highly recommend looking at Vinson Hall in McLean and Knollwodd in NWDC close to MoCo. Generally, I'd also look at non-profits over for-profits.[/quote]

+1 to this. My mom was not wealthy but we could swing Vinson Hall for a few years - she died after being there about two years. [/quote]

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