Why aren't Senior Housing Communities more forthcoming about their costs?
Senior Housing Communities don't want to scare you away with "sticker shock" and they are well aware how different the costs may be depending on the level of service that is needed by a resident. Often for this reason they will not advertise their costs front and center but address these questions on an individual basis helping each family understand the costs of services with the level of their needs as well as assessing the means available for them to pay for these services. Most people when they start thinking about assisted living costs don't know how to begin evaluating their assets, many don't even take into account how the sale of a house may help them to fund their life in a community, or how additional expenses that they are paying for now such as heating bills and groceries are usually included in assisted living costs.
Independent living costs will usually vary greatly from nursing home costs because the level of services in these two types of communities is so different. However independent living costs are normally "private pay" whereas long term care insurance and Medicare/Medicaid programs will often supplement nursing home costs.
Very few young or middle-aged Americans think about senior housing costs. While most save for their golden years through retirement accounts, factoring in senior housing costs is often overlooked. Often, it is only when the need to research senior housing communities arises that we start thinking about how it will be afforded. While we need to assess the most suitable setting for ourselves or loved ones, evaluating senior housing costs is often the most challenging part of this process. Senior housing communities have staff that can help you analyze the level of care needed, the costs associated and assess your options for funding it.