Seniors who want to keep their independence while getting assistance with daily life activities frequently choose assisted living. The location, amenities, and services provided can all affect the cost of assisted living, though. Here, we’ll examine the average cost of assisted living in California in more detail and address some connected issues.
According to the Genworth 2020 Cost of Care Survey, assisted living in California has an average monthly cost of $4,500. This is a little more than the $4,300 national average. It’s crucial to keep in mind that prices might drastically vary depending on the area, size, and type of treatment required.
Unfortunately, in California, Social Security does not cover the cost of assisted living. Seniors who want financial assistance do have other possibilities, though. For instance, seniors who qualify for Medi-Cal may have some of their assisted living expenses covered. Some assisted living facilities may take long-term care insurance or have financial help programs. Who is Danbury Senior Living’s owner?
Danbury Senior Living, LLC, a privately held business with headquarters in North Canton, Ohio, owns Danbury Senior Living. In a number of states, including Ohio, Michigan, Indiana, and Pennsylvania, the corporation manages a portfolio of assisted living, independent living, and memory care communities.
In 2020, Brookdale Senior Living disclosed that it had been purchased by affiliates of Healthpeak Properties, Inc., an Irvine, California-based real estate investment company (REIT). With a particular emphasis on life science facilities, medical office buildings, and senior housing, Healthpeak Properties, Inc. invests in healthcare real estate.
By 2021, Brookdale Senior Living will be running over 700 communities in 42 states, providing housing for almost 70,000 people. One of the biggest senior living providers in the country, the business provides assisted living, independent living, memory care, skilled nursing, and hospice care among other services.
In conclusion, the average monthly cost of assisted living in California is $4,500, albeit this amount can vary based on a number of factors. Even though Social Security does not cover assisted living, seniors who want financial support have alternative options. While Brookdale elder care, one of the major elder care providers in the US, serves almost 70,000 residents in 42 states, Danbury Senior Living is a privately held firm that runs a number of senior living homes throughout various states.
As of 2021, there will be over 28,900 assisted living communities in the US, according to the National Center for Assisted Living (NCAL).
It’s critical to highlight the specific care and attention provided to residents with memory impairments while marketing memory care. The usage of specialized programs and therapies as well as promoting staff members’ expertise are a few examples of how to do this. Families thinking about memory care for a loved one may find their worries reduced by highlighting the safety and security measures in place, such as secure entrances and exits and round-the-clock monitoring. A potent marketing strategy may also involve using client and client family testimonials.