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However, assisted living facilities fall under state laws. (Unlike nursing homes, which are under federal regulations.) Because of this, some assisted living facilities may try to reject a ...
For example, a resident may receive 30, 60, or 90 days of assisted living or nursing care without an increased charge. Thereafter, residents would pay the market daily rate or a discounted daily rate, as determined by the CCRC, for all assisted living or nursing care required and face the risk of having to pay higher costs for needed care. [12]
More than 800,000 adults in the U.S. reside in an assisted living facility, according to the American Health Care Association, but the number of facilities and average costs vary widely from state ...
The monthly fees rise when further care is needed (assisted living average $4,400; nursing care average $8,200). Pay as you go: Residents pay a lower entrance fee (average $238,000), but initial monthly fees (average $2,000) increase when additional care is needed (assisted living average $4,300; nursing care average $7,700)
Vi Senior Living is a high-end retirement community developer, owner, and management group based out of Chicago, Illinois, United States.Vi maintains 10 continuing care retirement communities (CCRCs) in six states, including Arizona, California, Colorado, Florida, Illinois, and South Carolina.
Use this advice from Levon L. Galstyan, CPA at Oak View Law Group based in Glendale, California, to try make assisted living fit your budget. Research Different Options
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