Reply to Entering assisted living- how to pay

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Plenty of places without entrance fees.  Those places are a rip off.[/quote]

If you have the money, they are not a rip off.  If you enter a CCRC while healthy in IL, yes you pay more.  But with the entrance fee and the extra, you are guaranteed "any advanced care" with no additional costs (except for the extra 2 meals per day typically).  And in most of them, if one parent goes to "advanced care" (memory, assisted living, nursing, etc) the other gets to keep the same Ind Living apartment for no increase cost.  For my parents, it would only take ~1 -1.5 years for each of them to be in "advanced care" to pay for itself.

In the meantime, my parents are enjoying life to the fullest, never have to worry about cooking or cleaning or fixing anything.  And the key part---should you need "advanced care" there are always spots kept open for the CCRC residents, so it's not a search and pray process for finding the care when they need it.  Also, I live 3K miles from them, so it's nice to know I can manage an emergency from a distance and they will be well taken care of.  Also, the IL spouse can visit the other one daily as it's right there---they will never be in separate facilities where someone has to drive one to the other.

But in reality, if you have the money, this is what you have saved for.  Why not spend it for a nice last 5-20+ years? 
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Can you give an example or name of a place like this?  After a sobering holiday visit, I think my parents should go somewhere like this and it’s all overwhelming to me right now. [/quote]

My parents are in a CCRC but should they need assisted living or skilled nursing the costs go up significantly.  Just mentioning because they all have different funding structures.  Many people seem to stay in IL as long as they can with private care givers.[/quote]

Yes it differs at all ccrcs.  My parents found one that the entry fee and slightly higher monthly costs means no increase for advanced care (sans the extra 2 meals). So one can be in advanced care and the other can keep the 2bedroom IL all for the $7-8k per month they currently pay.  Only extra cost is 2 meals per day for the AC person.  And if they both end up in advanced care they give up the ail  place and pay for two extra meals for each of them and that's that.  So right now AC for both would only cost $9k per month total.  Hence why we did it.  It will take only 18 months of One in AC for the entry fee to be worth it.  Even less if both go to ac [/quote]

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