On Aug 25, 5:22 am, Dave Dodson <dave_and_da...[at]Juno.com> wrote:
- quote -

Thanks. I'll see if I can find one "locally". (Actually, LA and SF
are not my locale.) I presume the AonA is a local government agency.

I was also thinking of looking for something I would call an "elderly
care consultant" -- kind of like an CFP for elderly care. I know the
biggest problem will be assessing that person's qualifications. But I
wonder: do such things exist?

Didn't the kind of "ECC" I am looking for with a quick google -- that
is, someone who helps pre- and post-retirees __plan__ for when long-
term care is needed. The "ECC" I stumble across seem to handle LTC or
at least help set it up for you.


- quote -

Great data! That is the sorta thing I was hoping someone might
provide for the LA and SF areas. (With the understanding that there
is probably a wide price range.)


- quote -

Hmm, just the opposite for my mother :-) :-).

Check with a local Area Agency on Aging. At least, that is what they
are called in Texas and Kansas.

As another data point, my 93-year-old mother is in a very nice
assisted living facility in Fort Worth. The basic fee is $2750/month
for a one-bedroom apartment, including meals, utilities, laundry,
cable TV, and weekly housecleaning. They have a point system for extra
services (administering medications, giving showers, helping with
dressing, reminders about mealtimes and entertainment, etc.) and her
extra services are $420/month. She spends perhaps $200/month on
medicine, and $70/month on the beauty shop.

Dave

On Aug 21, 4:08 pm, Avrum Lapin <avrum...[at]verizon.net> wrote:
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That seems pretty low.

According to the Fidelity retirement planning tool, the national
average is $70K to $114K. I would think that LA county would be on
the high side. Not sure what to expect of "east of LA county".
That's big mixed bag. And as you say, there can be a vast difference
in quality.

On Aug 22, 7:54 am, rick++ <rick...[at]hotmail.com> wrote:
- quote -

According to Fidelity's retirement planning tool, rates are increasing
at about 5.5% annually. At that rate, they would double in 13 years.

On Aug 23, 4:10 pm, Douglas Johnson <p...[at]classtech.com> wrote:
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Calling one place at random in a large metropolitan area is not likely
to produce a reliable number for the "typical" cost. Like you, I am
not likely to try to poll a sufficiently large sampling. And if I
knew of a "good" place to call, I would not be posting my inquiry
here. Moreover, there is a wide range of long-term care choices and
options for each choice.

In Calif at least, a better approach might be to call an insurance
company (e.g. John Hancock) and pretend to be interested in LTC
insurance. As I recall (perhaps incorrectly), Calif law requires the
insurance company to provide information on "typical" LTC costs in
Calif. I believe I did that last year. But I cannot get to my files
at the moment.

Of course, even that information might be too generalized for my
purposes.

On Aug 21, 4:08 pm, Avrum Lapin <avrum...[at]verizon.net> wrote:
- quote -

Oops! In a previous response (which has gone through the moderator
yet), I said that you estimate was low and that the national average
was $70K to $114K, citing a Fidelity retirement planning tool. I
pressed "submit" before double-checking the Fidelity site. As it
turns out, I remembered the low end incorrectly. It is $42K. My bad!

But I think it is assisted living costs, not nursing homes, that I am
interested in. So your range above is useful to me. Thanks.

"rick++" <rick303[at]hotmail.com> wrote in message
news:1187964024.996860.114880[at]r23g2000prd.googlegroups.com...
- quote -

http://www.aarp.org/families/caregiv...ltc_costs.html
shows that you are correct about Alaska. However, I would never think about
a hospital environment when I think of long term care, and this is what
these costs are about. We have a long term care facility associated with out
hospital where people go after a broken hip, for instance, so they wouldn't
be there for an entire year. Also this rate is for a private room. Rarely do
people have a private room in a nursing home environment. This is truly
nursing care, and not for people who are in the least mobile. For really
long term care (years), they would go to another facility that costs far
less. And you'll notice, only 3 other states suggest that a nursing facility
is over $100,000 annually - Connecticut, Massachusetts, and New York. So,
to the OP, it makes a huge difference in what kind of care you are trying to
price.

Elizabeth Richardson

rick++ wrote:

- quote -

Forgive my nitpick, rick, but average is the mean, the halfway point is
the median. For long term care the two may be close, but for many other
numbers (such as income) there's quite a difference and the two should
not be confused.
JOE

http://www.gilico.com/LTCcosts.html

$100,000 a year is $273 a day.
Several northeast states are at that level and
Alaska way above that. Those are "average numbers"
meaning half of places in that state will be above that.
I've helped care for some people in so-called "average"
places and I wouldnt even board my dog at some of them.

I bet you are going to pack up and move to cheap state
like Mississippi when you cant even walk or drive.
Dream on.

A recent article in the NY Times said Mexico was 1/4 to 1/3 US LTC
costs.

"nomail1983[at]hotmail.com" <nomail1983[at]hotmail.com> wrote:

- quote -


As has been suggested, call some facilities in your area and ask.

I got a quote of $140 a day for nursing home care in Dallas, Texas.
-- Doug

"rick++" <rick303[at]hotmail.com> wrote in message
news:1187794424.047634.325110[at]i38g2000prf.googlegroups.com...
- quote -

I'm not sure where you're getting your statistics. According to my LTC
insurance agent, Alaska has the highest LTC costs, and we are no where near
$100,000 annually, even for Alzheimer's care. Something closer to $70,000 is
more like it, according to my friends who are paying for such care for their
parents.

Elizabeth Richardson

Rates are doubling every decade.
Six figure large city annual rates sounded totally ridiculous in the
1980s.
I've seen the 90th percential home stay about three years.

So assuming a current cost of $100,000 for many regions.
Current age Annual cost at age 80 "Lifetime" cost
(three years)
70 $200,000
$600,000
60 $400,000
$1,200,000
50 $800,000
$2,400,000

I do not think these numbers are out of line for current medical
inflation.
Some people would say these are too low.

In article <1187707900.575130.148460[at]r34g2000hsd.googlegroups.com> ,
Dave Dodson <dave_and_darla[at]Juno.com> wrote:

- quote -

Assisted living just east of LA county $1800-$2500 per month

Non skilled nursing home at least twice that

There is a vast difference between the best and the worst

Medicaid uses an annual average when determining blackout periods and
eligibility amounts that is state specific. You may want to begin
there. Admitedly I do not know how they differentiate between the
different kinds of LT care.

On Aug 21, 4:19 am, "nomail1...[at]hotmail.com" <nomail1...[at]hotmail.comwrote:
- quote -

Long term care comes in several varieties, including independent
living, assisted living, nursing home, and alzheimer's (memory) unit.
It would be easy enough to call a few facilities in your area to ask
about rates.

Dave

Any idea what CFPs use as an estimate for "typical" long-term
care costs in current dollars?

(LT care, not LTC insurance.)

Ideally, I would like an esimate for the LA area and for the SF
Bay area. But a national average would be acceptable.

Of course, "LT care" can take many forms. If anyone estimates
based on type of LT care, that would be great to have.