MARCH 20, 2020 Financial Considerations of Independent and Assisted Living As we advance in years, concerns about health, safety, and a lack of would like to bring, or do you need a one- or two-bedroom suite? Keep socialization can make a strong case for transitioning to independent in mind that seniors with mobility issues may need suites that are nearer or assisted living in a retirement communi. [...] Second occupant In the United States, the majority of assisted living residents use some It is standard practice for retirement communities to charge a second- form of private pay to cover its costs. [...] When first thinking about relocation, breaking down the monthly Assistive services expenses can make it easier to compare the real cost of living at home The fee schedule for personal care services varies from community to versus a senior living community. [...] Other factors many people will consider are the value gained from social opportunities and access to amenities and activities, the enhanced safety of living in a staffed community versus being home alone, and the reduction in reliance on family, friends, and neighbors. [...] At New Horizons, the entrance fee is fully refundable to the resident or a designated beneficiary following the termination of the residency.
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