How to Pay for Assisted Living
Just as with real estate, assisted living prices vary by location. You can do a simple search online and find charts that have the average price per state. For our purposes, an estimate by Metlife Insurance Co. places the national average at around 3,550 per month for the year of 2012.
There are a few ways people usually pay for assisted living: private funds, long-term care insurance, veterans benefits, or Medicaid. Private funds can be drawn from personal investment portfolios or saving accounts, i.e. 401K, pensions, or Individual Retirement Accounts (IRAs). Also, when moving into assisted living communities, … read more
Posted in: Transitioning to Assisted Living
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