I can only talk at this point about memory care, but, am currently looking at moving my mom from a memory care center in Florida to one in North Georgia and was astounded at the difference in cost.
She started in assisted living in Florida in 2005 at $2000k a month. 9 years later she is in memory care in Florida paying over $5000k a month. The two facilities I am looking at north of Atlanta are under $4000k for the same level of care. I am not talking quality cause I don't have that information - I am talking level of care. I
It is ridiculous what Florida is charging because they can - had no idea how bad it was. Actually the rates I am hearing in north Georgia and southern
Tennessee are $3900 a month all inclusive. That is a big, big difference.
As far as planning for it. I can only thank my brother, who is a financial planner, for investing our mother's money wisely when our father passed away so she has more than enough to cover her expenses. Between her ss, pension, and my dad's pension she actually withdrew less than she made in her invesments made last year. So I guess to make this long story short you should probably talk to a certified financial planner to figure out what your best course would be.
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