topic Memory Care price increases in Introduce Yourself

Memory Care price increases

RoderickrodC877244 — Fri, 05 Jan 2024 18:49:06 GMT

My wife is in a memory care unit in NC.

I recently received a substantial increase for her care without an

explanation.

Is there a regulating body for amount and frequency of memory care

increases? Thanks-Rod

Re: Memory Care price increases

GailL1 — Fri, 05 Jan 2024 21:09:37 GMT

Well, workers got a pay increase probably administration too.

Workmans’ Comp and other insurance cost also increased.

Most likely any workers benefits like health insurance has also increased.

They also increase the care cost on a personal basis - more need = more care = more $$$$ - that way with most all assisted living places. they vary as to when this gets reviewed - sometimes more often than others.

There isn’t any regulations on price increases - State regulators just monitor that there are enough workers and facilities to create a safe and care environment - including background checks on the workers and investigating any complaints or incidences.

Re: Memory Care price increases

Medaase — Fri, 23 Feb 2024 00:56:35 GMT

And the patient may need more care than previously

Re: Memory Care price increases

Tempest332 — Wed, 28 Feb 2024 17:58:22 GMT

7-10K/month that will be a great start to deplete your funds.