Once again, we are making the assumption that these are not senior apartment that happen contain only people over the age of 65 but those that actually provide services and a minimum of one meal a day.
Usually, at least here in Chicago, they are apartment style buildings – high-rise and mid-rise. The apartments are private and range in size from studios to two bedrooms. Most likely they all have a full kitchen with stove, as all 3 meals a day are usually not provided.
Pricing can range from $1400 – $4000 a month with out any a la carte services that the building might offer. Those services might be escorts or stand by assists with bathing and can be purchased off a menu. Its assumed that the folks moving in will not need them but will want to have them as they age in place or after they return from a stay in the hospital.
Factors that do go into the cost include: location (just like any other real estate), size of the apartment, view, amenities of the building (i.e.: doorman, storage, pool) and the number of meals provided daily.
As some of these buildings have grown up they have added a form of assisted living. They may reserve a floor or two for those that have aged in place and that need services and 3 meals a day included in the price. They want residents to be able to stay with the people they have grown to know and in a familiar environment. The key is that not all of these assisted living floors are licensed or regulated by the state in any way. So it’s always a good idea to ask.
We are going to talk about licensed assisted living in our next post.