Low-income seniors over 62 may qualify for subsidized housing from the federal Department of Housing and Urban Development. Those who qualify as very low income or low income must earn less than...
Category: Living Options
Moving into a Continuing Care Retirement Community (CCRC) can require an entrance fee of $30K-$1M or more. While this is a significant expense, the price often provides some or all medical costs on a...
Moving into a senior living complex or assisted living facility often requires paying a community fee. Community fees average $1,000 to $5,000 in rental properties and cover the costs of preparing...
Assisted living facilities (or ALFs) offer a custodial level of care which may include help with ADLs (activities of daily living) with considerable independence. A CCRC, or a continuing care...
Buying into a retirement community like a CCRC or Life Plan community requires a substantial investment. The tradeoff is that you usually get ongoing care as needed, even if your condition worsens...
Both nursing homes and assisted living facilities provide room, board, and various types of care to those who need help with Activities of Daily Living (ADLs), so the cost is high for either service....