explanade
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 10, 2008
- Messages
- 7,442
We paid $177K security deposit to put my mother in a very plush CCRC apartment. It was $2,050 a month including 20 meals prepared by a Dutch chef. She ended up needing 24/7 private help @ $12 per hour, when she really needed to be in a nursing home setting. We got back 90% of the $177K at her passing.
Local nursing homes are about $7K a month. It doesn't take long to draw down pretty substantial savings of middle class people. Mom was down to her last $5k cash when she passed.
How does the deposit work, they don't draw the monthly and other costs from it so it's there in case you're unable to pay the monthly and other ongoing costs?
I wonder if the pandemic has changed perceptions of the nursing homes and other facilities for senior care.
Because some of the worst outbreaks occurred in these places and it's largely staff who didn't seem to care risking infecting the elders there.
There was one case where some nursing home facilities in Washington State went to some large wedding and they infected dozens of people across more than one facility.
This occurred well into the pandemic, when we knew large gatherings were a problem and how vulnerable seniors in nursing homes were.
In fact I believe the wedding party was breaking the state restrictions at the time on gatherings.