A050 Senior Housing Guide 2023 |
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Continuing Care Retirement Community (CCRC) |
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Full range lifetime of care—independent, assisted, skilled nursing sometimes
Meals/snacks, activities Catering to independent, healthy, some health issues—some may enter assisted or skilled nursing Estimated costs: buy-in may be required ($350,000-$1.5M+), monthly service fee $3,500-$5,000+
Payment: private pay, long term care |
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Help with personal care such as bathing, dressing, household tasks
Meals/snacks, activities
Assistance with meds
Estimated costs: $5,500-$8,000 monthly plus special care assistance $500-$5,000
Payment: private pay, long term care insurance
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Independent living, activities, security, low maintenance, no healthcare (use in-home care agency)
Estimated costs: $400,000-$1M+ HOA monthly fee-$800+
Payment: Private pay, mortgage financing |
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Independent living with meals, housekeeping and some activities
Estimated costs: $3,500+ monthly, studio, --more for larger apartments Payment: Private pay |
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Specialized support for memory issues, 20-100 residents, security, 24/7 care
Estimated costs: $5,500-$18,000+ monthly
Payment: Private pay, long term care insurance |
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Usually licensed for six residents, shared or private rooms
Estimated costs: $5,000-$9,000, depending upon care needed
Payment: Private pay or insurance
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Manufactured Housing/Mobile Home |
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Health/personal care in home, non-medical
Estimated costs: $40-$50 per hour, depending upon level & frequency of service
Payment: private pay, Medicare, Medi-Cal, VA, long term insurance |
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Independent living, 600-1,800+ sq. ft.
Estimated costs: $250,000-$400,000+ Monthly parking space-$500-$1,200
Payment: Private pay, mortgage financing
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Accessary Dwelling Unit (ADU) |
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Independent living, small backyard homes—350-700+ sq. ft.
Estimated costs: $250,000-$400,000+
Payment: private pay, mortgage financing. |
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