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Some also charge a $80k+ admittance fee. They try and make it sound nice by saying the fee is so they will never kick them out if they run out of money.
by extrapickles 8y ago
Some also charge a $80k+ admittance fee. They try and make it sound nice by saying the fee is so they will never kick them out if they run out of money.
- 14 8y agoI would suspect there must be some fine print somewhere that states that you would be kicked out if you ran out of money eventually. The facility I worked at charged $4500 a month which was considered really cheap as another one near by had no problem charging $6500 a month but provided half the care my facility did, just a nicer setting along a lake with a beautiful view. At even $4500 a month it is $54,000 annually. I can also tell you things can move very slowly in the medical field for these elderly people so say if something big in the family did happen and they suddenly could not pay, that $80k would get eaten up very quickly as they tried to locate additional funds for that individual. The facility that I worked at only required a single months deposit. When people could not afford to pay my boss would often cut them deals to have them stay longer.