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The Cost of Living Longer M.L. Sutton

November 2nd, 2012 | 1

HealthcareCostsThis post originally appeared here: http://online.wsj.com/article/SB10001424052970203937004578079184108523030.html?mod=googlenews_wsj#project=INVESTOR1027&articleTabs=article and was published by The Wall Street Journal.

Andee St. John is searching for an assisted-living facility near Columbia, S.C., for her 69-year-old mother, who was hospitalized recently after several falls. But finding the place with the right combination of price, amenities and services has been difficult.

So far, Ms. St. John has consulted with a financial adviser, a geriatric social worker and an elder-law attorney as part of her research.

 

“It’s been very eye-opening,” Ms. St. John says. “You don’t just pay one fee a month for assisted living. There are all these different add-ons.”

A growing number of families are wrestling with the same dilemma: rising costs for long-term care and a mind-boggling array of options.

 

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