My FIL will be 93 early next year. Although in good health, he wasn't able to be by himself anymore. We came off the road to sell his mobile home (in a 55+ community in Texas) and we investigated options for his living situation. We found a "continuing care" facility in the same town. It offers three levels of care; independent living, assisted living and a nursing or medical facility.There is a "buy in" which is tied to the type of place you want...studio apt, one or two bedroom apt, townhouse, cottage or even a penthouse. We chose a one bedroom apt for him. All utilites plus cable are included. The only cost to him is the phone if he chooses to get one, and his monthly "assessment". The apartment was totally renovated, all new electric, all new appliances and the bathroom totally remodeled. He was able to buy in for less than $45,000.00, and his monthly assesment is $1400.00 which is covered by his social security and his retirement pension. This monthly assessment will never change...even if he needs assisted liviing or nursing care. He receives the main meal, dinner (which is at noon) and his apt is cleaned weekly and his sheets are laundered. There are several trips weekly to the markets, WalMart and various shopping venues. Doctor appointment travel is arranged. The facililty has a monthly cocktail party and there are a number of daily/weekly/monthly activies. There is a beautiful heated pool and jacuzzi, a woodworking shop, a computer lab, a little store for little necessities, pool tables, and the list goes on and on. The food is wonderful(we have joined him for several meals). He can have additional meals like breakfest and supper for about $4. So far, he loves it. Of course the number of eligible ladies vs. gentlemen is like 5 to 1 and at 93 he still thinks he is Cassonova.
We will also consider this type of arrangement when it is time for us to hang up the keys. I just wanted to let folks know that these types of communities do exist, and they do not require that all of one's assets be signed over to the facility. Just an fyi...
Dennise