Assisted Living

October 31, 2019
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Quality assisted living care with affordable, straight-forward rates can vary depending upon what area of the country you live in. The size of apartment you choose, and the types and amount of services can also impact monthly fees.

Here are some Facts you should know when selecting an Assisted Living Facility

  1.  The Average Cost of an Assisted Living Communities in the Maryland, DC and Virginia Tri-State Area.

According to a 2015 cost of care survey, the average cost of assisted living in Maryland is $3,900 per month. The monthly base rate for Maryland assisted living is typically lower when compared to neighboring states. Maryland is also more expensive compared to the national average

The monthly median cost of assisted living in Washington, DC is $7,838 per month. This cost is well above the national average of $3,600 for assisted living care costs. The average monthly cost can also depend on the amount of personal care needed.

Costs of assisted living communities in Virginia typically range between $1,159 and $6,681 monthly, with average costs running around $47,880 yearly. The monthly nationwide average cost is around $3,500.

  1. Costs covered by Medicare.

Traditionally, Medicare does not cover the costs of assisted living facilities or long-term care facilities. However, Medicare will cover qualified healthcare costs while your loved one is living at a certain facility. Medicare is more often used to pay for a skilled nursing facility or home health care.

  1. The admission process and eligibility for Assisted Living.

Assisted living facilities serve people 18 years of age and older. Individuals may enter an assisted living facility from a private residence, hospital, rehabilitation center, or nursing facility. ... It is not appropriate for people who need daily nursing services.

  1. Can I turn my home into an assisted living facility?

The days of easily turning a house into a residential care business are gone. ... Depending on your house, neighborhood and state, it may not be possible to convert your house into an assisted living facility. If it is, be prepared for a lengthy conversion process.

Are you Looking to own and operate an Assisted Living Business?  Our agency can help.   We have the experience and insurance products you will need to get started.

 

Contact us or email info@gradywright.com or call our office: 410-766-6655.