WHAT IS ASSISTED LIVING?
An assisted living residence is a long-term senior care option that provides personal care support services such as meals, medication management, bathing, dressing and transportation but an Adult Family Home can be a better alternative to a Nursing Home or Assisted Living. Adult Family Homes are private homes licensed by the state of Washington to care for up to six individuals.
FAST FACTS ABOUT ASSISTED LIVING
- Number of U.S. assisted living communities: 31,100
- Number of apartments: 475,500
- Number of residents: 735,000
- Average length of stay: 36 months
- Percentage of residents that receive help with three or more ADLs: 40%
Source: National Center for Assisted Living
A relatively new concept 25 years ago, today assisted living is the fastest growing long-term care option for seniors. Assisted living facilities, with their wide range of services, provide a senior housing solution for adults who can live independently, but also require some assistance. For many seniors, assisted living provides just the level of care they need to flourish and triumph in their new phase of life. After all, the golden years should be enjoyable-and assisted living has more options than ever before.
ASSISTED LIVING COSTS
Assisted living costs vary, depending on the following factors:
- Type of residence
- Size of apartment (studio, one or two-bedroom apartment)
- Types of services needed
- Geographical location of the community
Many communities charge a basic rate that covers all services, with an additional fee for special services. Most assisted living communities charge a month-to-month rate, but there are also long-term options available.
Typically, base rates only cover room and board and a service of daily meals, determined by the assisted living community. Sometimes there are entrance fees, deposits and laundry and housekeeping fees. But because these all vary by community, it’s important to ask each community about their individual costs and services.
According to Genworth.com, the average cost for a one-bedroom assisted living apartment in the U.S. in 2014 was $3,500 per month; an increase of 1.19% over 2013 with a five-year annual growth of 5.71%. Studio and two-bedroom assisted living apartments varied, accordingly.