The Costs of Care, Part 2: A Discussion of Senior Care Costs

This is the second post in a three-part series on the costs of senior care. In the first post, we looked at the various options available to seniors: retirement homes, assisted living, long term care homes (LTC), and in-home caregiving. In this second post, we will take a more in-depth look at how much these different options cost. Costs of Retirement Homes and Assisted Living The monthly costs of retirement homes is largely dependent upon the size of suite, the amenities available in the home, and whether the residence is for-profit or not-for-profit.  Of course, assisted living packages in retirement homes increase in costs concurrent with the level of care needed. The acclaimed Christie Gardens not-for-profit retirement home has monthly rates starting at $2400 for independent living in a one-bedroom suite, and rates beginning at $4500 for full assisted living. Large chain for-profit retirement homes, such as Revera, which offer lovely accommodation and living, usually start at $32
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