The rise of paid old-Age homes : A new paradigm for seniors
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Vijay Garg
Contd from previous issue
* Type of Accommodation: Single occupancy rooms or suites cost more than shared rooms.
* Level of Care: Basic care (food, lodging, minor assistance) is less expensive than assisted living or advanced care requiring continuous monitoring.
* Amenities: Access to premium facilities and services will increase the monthly fee.
As a general estimate, monthly costs can range widely. For example, in larger cities, basic shared rooms might start at approximately $240–$420 per month (or \text{INR} 20,000–\text{INR} 35,000), while luxury facilities offering comprehensive services can exceed $1,200 per month (or \text{INR} 1,00,000). Many facilities also require a one-time, sometimes refundable, security deposit or admission fee.
Making an Informed Choice
Choosing the right paid old-age home is a critical decision. (To be contd)
Contd from previous issue
* Type of Accommodation: Single occupancy rooms or suites cost more than shared rooms.
* Level of Care: Basic care (food, lodging, minor assistance) is less expensive than assisted living or advanced care requiring continuous monitoring.
* Amenities: Access to premium facilities and services will increase the monthly fee.
As a general estimate, monthly costs can range widely. For example, in larger cities, basic shared rooms might start at approximately $240–$420 per month (or \text{INR} 20,000–\text{INR} 35,000), while luxury facilities offering comprehensive services can exceed $1,200 per month (or \text{INR} 1,00,000). Many facilities also require a one-time, sometimes refundable, security deposit or admission fee.
Making an Informed Choice
Choosing the right paid old-age home is a critical decision. (To be contd)