Reply to Senior Living -- More Expensive, More Rules??

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Would an "aging in place" arrangement work for him?   One where he could start out in his own studio-like apartment with a small kitchen, and choose to have his meals either in his unit or in the communal dining room?  That would give him more freedom of choice in that area.  My dad was in a place like that (with lots of amenities, pool, etc.).  When he became too ill and needed more care he moved to the hospital unit for a while, then back to his apartment, then ultimately hospice.  It was all on the property so no major moves were needed when his needs changed.  [/quote]

This sounds like a CCRC with all levels of care. Did your dad have to buy into the facility. I only know one person whose dad did this. He bought a condo when he was 70 and was able to stay there (eventually with live in help) and is now in the skilled nursing. He started with several million, but now in his late 90s in skilled nursing for 3 years, he is nearly out of money. [/quote]

As I recall there were options to pay a lot upfront and a little on a monthly basis, or pay a smaller amount upfront (like $50K) and a higher monthly fee.  We chose the latter,l.  After he moved in a combined drawdown from his savings + SS covered everything.  Also as I recall, they said that (perhaps after a certain period of time?  Or financial status?) he couldn’t be required to leave even if he couldn’t pay (which wasn’t the situation, but was comforting to know just in case). [/quote]

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