Research paper
BYSTANDER
findinghousing.docx
Housing Plan
November 16
|
Housing Type |
Cost |
How to Pay |
Size |
Health- care |
Medica- tion |
Nutrition |
Spiritual |
Amenities |
|
Own home; Live w/ Spouse |
Mortgage paid,
Approx 1750 dollars monthly
Taxes, HOA, Utilities, |
Retire- ment Savings, Social Security, Business Sale |
6 bedrooms 3.5 baths |
BlueCross BlueShield
Medicare
Approx 600 Monthy
(Includes premium and copay) |
BlueCross BlueShield Medicare Part D
Approx 150 dollars monthly |
Have groceries delivered, will cook for self
Approx 300 dollars monthly |
N/A |
Approx. 750 a month
Landscap Ing, House Cleaning, Dining Out, Vacations Entertainment
|
|
Assisted Living |
4,440 dollars monthly (for uncle and spouse) |
Retire- Ment Savings, Social Security, Business Sale |
470 sq ft |
BlueCross BlueShield
Medicare
Approx 600 monthly
(Includes premium and copay) |
BlueCross BlueShield Medicare Part D
Approx 150 dollars monthly |
Included in cost of Assisted Living |
N/A |
Approx. 500 a month
Dining Out, Vacations Entertainment |
|
Nursing Home |
7800 dollars monthly (for uncle and spouse_ |
Retire- Ment, Savings, Social Security, Business Sale |
550 sq ft |
BlueCross BlueShield
Medicare
Approx 600 Monthly
(Includes premium and copay) |
BlueCross BlueShield Medicare Part D
Approx 150 dollars monthly |
Included in cost of Nursing Home |
N/A |
Approx 500 a month Dining Out, Vacations Entertainment |
References: Interview with Carol and Richard Dean, phone call to Vantage House (Nursing Home, phone call to Sunrise of Columbia (Assisted Living)
Scenario - My uncle is 74 and has recently sold his business. He is in good health and is looking forward to doing projects around his home. He and his wife made this very easy for me as they’ve exhaustively researched the best housing situation for them. They’ve decided for the time being that the best thing for them is to remain in their home. They are mobile and have minimal health problems. My uncle’s wife loves her four dogs and wants to be able to keep them. While the home is large, everything they need is on the main level, including their bedroom. They’ve renovated their bathroom to make it more accessible as they age. They recognize that as they age, they may have to make different decisions in regards to housing. Through various means, but most significantly through the sale of my uncle’s business, they have very solid retirement savings.
