Assisted Living Costs Increase 15% from 2004, According to MetLife Mature Market Institute Study; Highest Costs Reported in Boston; Lowest in Jackson, Mississippi.WESTPORT, Conn. -- Assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. costs in the U.S. increased 15% in the past year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the 2005 MetLife Market Survey of Assisted Living Costs. The average monthly base price rose from $2,524 in 2004 to $2,905 this year, or $34,860 annually. The highest cost was reported in Boston at $4,629 per month, while the lowest was Jackson, Mississippi Jackson is the capital and the most populous city of the U.S. State of Mississippi. It is one of the county seats of Hinds County; Raymond is the other county seat. As of the 2000 census Jackson's population was 184,256. at $1,642. The study was conducted for the MetLife Mature Market Institute(R) by LifePlans, Inc. "As the population ages, assisted living is fast becoming a viable and often preferred option for those who are relatively independent, but who need some supportive services and social interaction," said Sandra Timmermann, Ed.D., director of the MetLife Mature Market Institute. "The cost of care in an assisted living facility is rising rapidly and in many areas, is outpacing inflation. With 15% yearly increases, this type of living arrangement may be out of reach for many people," Timmermann added. "In addition, fees sometimes added to the monthly base cost for services, such as meals delivered to the living quarters and dementia dementia (dĭmĕn`shə) [Lat.,=being out of the mind], progressive deterioration of intellectual faculties resulting in apathy, confusion, and stupor. In the 17th cent. care, may add up, and should be researched carefully." Assisted living is defined as a housing option for older adults promoting independence and autonomy while also providing services to assist aging individuals with daily living. Facilities can range in size from a small house to a large apartment-style complex, though most have between 25 and 125 units. According to the Assisted Living Federation of America, more than one million Americans live in 20,000 assisted living residences. The typical resident is a woman in her 80's who is either widowed or single. The majority of those in assisted living facilities pay privately or through a long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. insurance policy. Assisted living facilities traditionally have not been funded through Medicaid, though a number of states have begun covering some services through Medicaid waiver The voluntary surrender of a known right; conduct supporting an inference that a particular right has been relinquished. The term waiver is used in many legal contexts. programs. Currently, no federal quality standards exist for assisted living and licensing varies from state to state. Monthly costs for various regions in the 50 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). are: Statewide, AK $4,155 Billings, MT $2,426 Birmingham, AL $2,672 Raleigh/Durham, NC $2,818 Montgomery, AL $2,110 Charlotte, NC $3,285 Little Rock, AR $2,106 Statewide, ND $1,663 Phoenix, AZ $2,095 Omaha, NE $3,044 Tucson, AZ $2,684 Manchester, NH $3,500 Los Angeles, CA $2,445 Cherry Hill Area, NJ $3,765 San Diego, CA $2,349 Bridgewater Area, NJ $4,182 San Francisco Area, CA $3,700 Albuquerque, NM $2,580 Denver, CO $3,020 Las Vegas, NV $2,513 Colorado Springs, CO $2,855 New York, NY $3,423 Hartford, CT $2,986 Syracuse Area, NY $2,914 Stamford Area, CT $4,312 Rochester Area, NY $3,126 Washington, DC $3,828 Columbus, OH $3,156 Wilmington, DE $4,251 Cleveland, OH $2,921 Jacksonville, FL $2,752 Cincinnati, OH $3,276 Orlando, FL $2,825 Oklahoma City, OK $2,302 Miami, FL $2,348 Tulsa, OK $2,804 Alpharetta, GA $2,795 Portland, OR $2,679 Atlanta, GA $2,643 Eugene, OR $2,600 Statewide, HI $2,863 Pittsburgh, PA $2,775 Des Moines, IA $2,546 Scranton Area, PA $2,223 Boise, ID $2,915 Philadelphia, PA $3,364 Des Plaines Area, IL $4,008 Providence, RI $2,935 Chicago, IL $3,117 Columbia Area, SC $2,149 Peoria Area, IL $2,681 Charleston, SC $2,688 Indianapolis, IN $2,631 Rapid City, SD $2,121 Fort Wayne, IN $2,582 Nashville, TN $2,983 Wichita, KS $2,407 Memphis, TN $2,730 Louisville, KY $3,040 Dallas/Ft. Worth, TX $2,865 Lexington Area, KY $2,852 Houston, TX $2,894 New Orleans, LA $2,932 Austin, TX $3,004 Shreveport Area, LA $2,166 Salt Lake City, UT $2,483 Worcester Area, MA $3,650 N. Virginia, VA $4,114 Boston Area, MA $4,629 Richmond, VA $3,155 Silver Spring, MD $3,561 Statewide, VT $3,029 Baltimore, MD $3,214 Seattle, WA $2,748 Southern Maine, ME $3,905 Spokane, WA $2,542 Detroit, MI $2,773 Milwaukee, WI $3,149 Grand Rapids, MI $2,586 Madison, WI $3,044 Minneapolis/St. Paul, MN $2,502 Statewide, WV $2,732 Rochester Area, MN $2,487 Statewide, WY $2,368 St. Louis, MO $2,696 National Average $2,905 Kansas City, MO $2,374 National Yearly Average $34,860 Jackson Area, MS $1,642 Services included in the base price of an assisted living facility usually include two to three meals per day, assistance with Activities of Daily Living, social activities, medication management, laundry Laundry can be:
Before industrialization and housekeeping A set of instructions that are executed at the beginning of a program. It sets all counters and flags to their starting values and generally readies the program for execution. . Additional fees may be charged for services such as additional personal care, laundry needs over and above the basic service, meals delivered to the living quarters and dementia care. The MetLife Market Survey of Assisted Living Facilities was conducted in August 2005 by telephone in 87 major markets in all 50 states and the District of Columbia. Ten facilities, or 15 percent (whichever was greater), were surveyed in each market, except for Washington, D.C., where only five were polled. All facilities surveyed were licensed according to each state's standards for licensure licensure (lī´s  nsh .
These included freestanding free·stand·ing adj. Standing or operating independently of anything else: a freestanding bell tower; a freestanding maternity clinic. as well as multi-level complexes and did not include continuing care continuing care a professional convention that a veterinarian who is treating an animal is obliged to continue treating that case unless an arrangement is made with its custodian to transfer the care to another practitioner or to a specialist. retirement communities. The MetLife Mature Market Institute is MetLife's information and policy resource center on issues related to aging, retirement, long-term care and the mature market. The Institute, staffed by gerontologists, provides research, training and education, consultation and information to support MetLife, its corporate customers and business partners. MetLife, a subsidiary of MetLife, Inc. (NYSE NYSE See: New York Stock Exchange : MET) is a leading provider of insurance and other financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to millions of individual and institutional customers throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Through its subsidiaries and affiliates, MetLife, Inc. offers life insurance, annuities, automobile and homeowner's insurance and retail banking services to individuals, as well as group insurance, reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. and retirement and savings products and services to corporations and other institutions. Outside the U.S., the MetLife companies have direct insurance operations in Asia Pacific, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and Europe. For more information, please visit www.metlife.com. Editor's note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : Publication available at: http://www.maturemarketinstitute.com/ under 'What's New.' |
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