Assisted living costs vary greatly by region. (Marketplace: Life/Health).As the United States' population ages, many people will have reason to leave their homes and seek help elsewhere in daily living. But many of those are likely to choose assisted-living facilities rather than nursing homes if these facilities are available, 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 MetLife 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. Market Survey 2002. The average cost of residing in an assisted-living facility is $2,159 a month, or $25,908 a year, while the average annual cost of residing in a nursing home has climbed to about $61,000, the survey said. Assisted-living facilities provide a relatively independent lifestyle. These facilities provide meals in a social setting and help with common tasks such as bathing and dressing. "Since most long-term-care insurance policies cover assisted living facilities, this is yet another reason for people to explore the need for that product," said Sandra sandra (sänˑ·dr  ),adj Timmermann, director of the MetLife Mature Market Institute, which sponsored the survey. The survey culled statistics from 89 areas. LifeCare Inc., a consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a based in Westport Westport, residential town (1990 pop. 24,407), Fairfield co., SW Conn., on Long Island Sound at the mouth of the Saugatuck River; settled 1645–50, inc. 1835. It serves as a popular residence for New York City commuters. Westport has a summer theater. , Conn., conducted the survey. Assisted Living Costs By Region, Per Month Top 5 New York City $3,696 Stamford, Conn. 3,564 Wilmington, Del. 3,369 Manchester, N.H. 3,334 Honolulu 3,250 Bottom 5 Jackson, Miss. $592 Little Rock, Ark. 1,121 Detroit 1,179 Wyoming 1,242 Kansas City, Mo. 1,337 Source: MetLife Assisted Living Market Survey 2002 |
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