Serious Question About Nursing Homes

[DianaB]

We had a friend that bought a condo in an assisted living facility. It was pricey but he only made one payment and it was to take care of him to the rest of his life. He had a small apartment with a kitchenette but there was a caffeteria to go and eat meals at. When he got too ill to live in the apartment he was put in a nursing home but their goal was to get him back to assisted living.

If you were to live a long time then it would be worth doing but if you only lived a short time then it would be a waste of money. It might be worth looking into if there are some in your area.

Glen and I went to Colorado and saw him and his apartment one time. It was a very nice place.

[gja1000]

We have a place like that here in Austin, but an efficiency apartment is about $300,000 and you have to pay monthly fees which are about $3500 per month. I'm sure there are less expensive places like that, but I don't know about them in this area. This really is a good deal if you can afford it because they have independent living, assisted living, nursing home and alzheimer's care and like you said, you only have to buy your apartment when you move in - but the monthly fees would get me. Also, when you die your family gets back 95% of what you paid for the apartment. They also have stand alone homes that you can purchase but they are about $1,000,000.

[lynne b]

when i talk about having to move mom it is in the same facility, just different sections of it.

[Janet]

Well it's a little late for Rick and I to save up for a nursing home. We'd have to sell all three homes most likely and not be able to leave Ricky anything. It sure got me to thinking though. I'm just glad if one of us needs nursing home care, it won't leave the one left with nothing.

Lynne I'm sorry your Mom isn't doing well. I hope that she will improve and be able to go back to assisted living, not sure that is possible. You're lucky to have your daughters to help you if they still are.