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To ensure each of our residents receives the services that meet his or her specific needs, Elmcroft provides three levels of care. The level of care needed is determined by ongoing assessments and communication with the resident, his or her family and personal physician.
Simple rates are the Elmcroft way. While cost may not be the single most important factor when considering assisted living, people are often surprised to find assisted living is more affordable than other alternatives.
The following worksheet may provide some idea of expenses. Please note that while we cannot give tax advice, we understand that there may be some tax benefit available to Elmcroft residents and their family members. For more information, please refer to PDF of the Tax Deductibility sheet. |
Cost Comparison Work Sheet (downloadable PDF version)
|
| |
|
Elmcroft |
Sample
Home or Apt. |
Your
Home or Apt. |
| Monthly fees or mortgage payment |
|
$2,500 |
$190 |
|
| Electricity, water/sewer, gas |
|
Included |
$225 |
|
| Trash collection |
|
Included |
$20 |
|
| Property insurance |
|
Included |
$45 |
|
| Real estate taxes |
|
Included |
$375 |
|
| Painting and exterior maintenance |
|
Included |
$125 |
|
| Yard maintenance |
|
Included |
$100 |
|
| Plumbing and appliance maintenance |
|
Included |
$20 |
|
| Pest control |
|
Included |
$20 |
|
| Flat laundry service |
|
Included |
$80 |
|
| Carpeting and carpet cleaning |
|
Included |
$20 |
|
| Security system and service |
|
Included |
$25 |
|
| Food cost |
|
Included |
$200 |
|
| Weekly housekeeping service |
|
Included |
$80 |
|
Companion ($10/hour) (socialization,
meal preparation, transportation, etc.) |
|
Included |
$800 |
|
| Cable TV |
|
$25 |
$25 |
|
Other monthly incidental cost
(entertainment, etc.) |
|
$75 |
$200 |
|
| Health and other insurance premiums |
|
$200 |
$200 |
|
| Medical expenses including prescription drugs |
|
$400 |
$400 |
|
| Telephone |
|
$30 |
$30 |
|
Other miscellaneous cost
(clothing, toiletries, etc.) |
|
$100 |
$100 |
|
|
| Monthly Cost of Living |
|
$3,330 |
$3,280 |
|
Less:
monthly return on equity in your home
that could be invested after it is sold.
Assume equity of $200,000 invested at 4.5%. |
|
($750) |
$0 |
|
|
| Total Monthly Cost of Living |
|
$2,580 |
$3,280 |
|
|
|
