WESTPORT, Conn.– Assisted living in Rhode Island costs an average of $2,224 per month, about 12 percent less than the U.S. average of $2,524 per month, or $30,288 per year, according to the 2004 MetLife Market Survey of Assisted Living Costs.
The survey showed the highest average base cost was in Stamford, Conn., at $4,327 per month; the lowest was Miami, at $1,340. Boston and Worcester’s assisted living facilities charged far more than Rhode Island’s, an average of $3,424 and $3,110, respectively.
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Costs are rising quickly nationwide, according to MetLife. The company’s 2003 survey had pegged the U.S. average at $2,379 per month, 6.1 percent lower than this year.
The study, conducted for the MetLife Mature Market Institute, identifies assisted living facilities as housing options for older adults that promote independence and autonomy. They provide services to assist aging individuals with daily living. The facilities can range from a small house to a large apartment-style complex, though most have between 25 and 125 units. The majority of residents in assisted living facilities pay privately or through a long-term care insurance policy. Assisted living facilities are typically not funded through Medicaid, although a number of states have begun providing payment.
“Assisted living is becoming an increasingly popular option for older Americans who are looking at different living options that provide both support and independence during one’s retirement years,” said Sandra Timmermann, director of the MetLife Mature Market Institute. “But it is also becoming an increasingly expensive choice. Not only must consumers factor in the rising base rates for assisted living facilities, they must also find out whether there are any additional fees that are charged for services such as medication management or dementia care that may further add to the expense. Families choosing assisted living as an option are cautioned to investigate the ‘hidden costs’ for services that may be needed in the present or the future.”
Services included in the base price of an assisted living facility are usually limited to two to three meals per day, assistance with routine activities, social activities, medication management, laundry and housekeeping. Additional fees may be charged for services such as an increase in frequency and time for personal care, laundry needs over and above the basic service, meals delivered to the living quarters and dementia care.
There are more than 36,000 assisted living facilities in the United States with more than 910,000 housing units, according to the National Academy for State Health Policy. The National Center for Assisted Living reports that roughly one million Americans live in such facilities; the typical resident is an 83-year-old woman.
The MetLife Market Survey of Assisted Living Facilities was conducted in August 2004 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. These included freestanding as well as multi-level complexes and did not include continuing care retirement communities.
