How Much do Senior Living Residences Cost?
A breakdown of senior living costs
The most common question we receive is “how much does independent living or assisted living cost”?
There’s a big misconception that senior care is free and that the government covers all the costs. Unfortunately, that’s not the situation. Provincial governments normally provide some funding for home care and for long term care, but you’ll usually have to pay at least a portion of the cost. For retirement residences, it’s generally all on you. These costs can range broadly, so it’s a good idea to do your research before finding your next independent living or assisted living community.
But before you start figuring out rough costs, ask yourself ‘what do you value’? Costs related to a lifestyle change such as this are much more complex than what you’ll see on a spreadsheet. There are many things to consider, so let’s examine a few of them.
Senior homecare costs
For a range of reasons, some seniors decide to stay in their home for as long as possible. But if one of your reasons for staying in your home is that you are concerned about the cost of moving into senior living, the reality may surprise you.
If you are living in your own home, and it’s mortgage-free, all that’s left for you to pay are the taxes, insurance, general upkeep, utility bills and your monthly costs, correct?
The house itself may be in good condition, but if you’re spending most of your time on the main floor, avoiding the stairs because of mobility concerns, your home may need some mobility upgrades. A lift for the stairs, a chair in the shower, handrails: all of these are upgrades that could cost you a few thousand dollars. You may also need to pay someone to cut the grass, remove the snow and do odd jobs around the house to keep things organized.
Then there’s your wellness needs– as your needs change, you may need more support. While home care is an option, you will want to consider what this means for you. There are special programs for people with lower incomes (if you qualify), but keep in mind these don’t necessarily cover everything. If you find you need more help and the funding doesn’t cover the hours, you may need to explore the option of paying for personal care.
Home care costs in British Columbia range between $15 and $75 an hour, but it can vary depending on the level of assistance and type of assistance needed.
There’s also the social side to consider. Are you surrounded by friends and family members or are you finding yourself spending much of your time alone — with your closest friends no longer living nearby and your family spread out. Senior living communities like Camellia Residences ensure you are around like-minded adults.
How much does senior living cost per month at Camellia Residences?
Camellia Residences is a 55+ community that offers over ten different floor plans and four suite types for you to choose from. Within those ten different floor plans and four suite types are different pricing options depending on your selection and preferences.
Average Independent Living
community cost
When you choose to live in a retirement community, you also can choose which suite you like and which services and care options you need. All these choices help determine how much you pay. For most seniors living at Camellia Residences, it works out to a monthly cost of around $3,400 – $4,500 per month. The cost of other independent living communities can vary greatly.
Retirement living is a delightful, affordable option for seniors who no longer want to worry about the upkeep or expenses associated with maintaining their home. In a retirement home, you not only have a suite of your own that you’ve chosen, you have delicious meals, social activities, a thriving environment and the ability to let someone else think about tedious tasks like cleaning, so that you can focus on what matters to you most. You also have the comfort of knowing that you have access to medical care and support you need to manage your health.
Average Independent Living
community cost
When you choose to live in a retirement community, you also can choose which suite you like and which services and care options you need. All these choices help determine how much you pay. For most seniors living at Camellia Residences, it works out to a monthly cost of around $3,400 – $4,500 per month. The cost of other independent living communities can vary greatly.
Retirement living is a delightful, affordable option for seniors who no longer want to worry about the upkeep or expenses associated with maintaining their home. In a retirement home, you not only have a suite of your own that you’ve chosen, you have delicious meals, social activities, a thriving environment and the ability to let someone else think about tedious tasks like cleaning, so that you can focus on what matters to you most. You also have the comfort of knowing that you have access to medical care and support you need to manage your health.
Average Assisted Living
community cost
Very similar to independent living options at Camellia Residence you also can choose which suite you like and which services and care options you need. All these choices help determine how much you pay; for most seniors living at Camellia Residences, it works out to about a monthly cost of around $3,400 – $4,500 per month. The cost of other assisted living communities can vary greatly.
As your wellness needs increase, so do assisted living costs when it comes to wellness. At Camellia Residences we offer a la carte and packages of support services to better assist our residents age in place.
How do you find the right retirement community?
If you’ve had the discussion with your loved one about moving to a retirement community and they’ve made their decision, it’s time to start planning next steps. To make sure they find the best retirement living community suited to their needs and preferences, it’s important to do extensive research on your options. Whether the arrangement is for someone seeking an independent living environment with an active lifestyle, or for a senior who requires more assistance with activities of daily living in assisted living, the search may take some time for the right retirement community.
Retirement communities costs are unique to you
Like most things in life, no matter which direction you decide to go, cost is a factor in senior living communities. Your situation, your needs, your choices, are uniquely you. How much senior living costs will be unique to you too.
Retirement communities costs are unique to you
Like most things in life, no matter which direction you decide to go, cost is a factor in senior living communities. Your situation, your needs, your choices, are uniquely you. How much senior living costs will be unique to you too.
Financial assistance options for senior living
Eligibility for subsidized assisted living communities in British Columbia requires the completion of an application through your regional health authority’s home and community care office. There is no eligibility to independent living communities that are supported by the regional health authorities in British Columbia. The monthly fees of independent living communities are private pay.
If you are eligible for one of these assisted living communities, your monthly fees will be a set fee of seventy per cent of your after-tax income. This fee will cover the rent of your assisted living suite, hospitality services and personal assistance care services like medication management but only up to a maximum amount. You will also need to consult with assisted living communities and long term care communities to learn about any additional costs you might pay for such as extra meals. The fee will be paid to the assisted living operator, along with any monthly service fees for BC Hydro. Otherwise, all your basic services and needs are covered, except for items like your telephone or television.