My Patient Guide
Guiding you every step of the way.
What does it Cost?
Independent Living
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.Because Independent Living options for seniors vary so widely, and given the ongoing market fluctuations in real estate throughout the U.S., there is no way to predict what your particular Independent Living situation might cost. However, there are some guidelines that correlate with the Independent Living options described earlier.
Low End
The lowest cost Independent Living facilities are those that are subsidized by public or private charities, or through HUD. The cost of the subsidized housing is a percentage of the senior resident's income. Note that Medicare and Medicaid will not cover any portion of your housing payment since they are forms of health insurance, and no healthcare is provided in an Independent Living arrangement.
Mid-range
The next level of Independent Living for seniors is rental facilities. Rental fees are indexed to the cost of luxury housing in your geographic area. In addition to rent, you'll also incur a monthly charge for services. Depending upon the services used, the monthly fee can be anywhere from a few hundred to several thousand dollars.
High End
The highest cost Independent Living facilities are planned retirement communities that require buying a home or living unit. The cost of a home is indexed to the cost of other luxury housing in your geographic area. In addition, the shared amenities of the retirement community are figured into a monthly fee of $1000 to $2000. This fee covers taxes, common utilities, and community services.
Independent Living
Independent Living
