Quote:
Originally Posted by Lubicon
My wife's grandmother has to move out of the place she was in for the same reason. She's in her 90's now with no income other than OAS etc. Her bill for 2021 was $56 000 IIRC with much of that subsidized by the taxpayer but she still could not afford her portion. At an extended care place the costs add up in a hurry. Rent, meals, medical care, staffing 24/7, entertainment, transportation etc.
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Right, but a lot of those places are offering 24/7 care and that's a significant jump from a place to retire. I'm not an expert in those living situations, but someone I know is, and she recommended that when it's time for long-term care (like actual care for things like dementia) that you look at what the public system has to offer.
Prior to that, there are lodges that you can access that are subsidized and they have a fair amount of care along with some independence. In my search, I'd say that spending $10k a month in Calgary you're either layering on a bunch of care, or you're in a place like the Edward or Amica. Nothing wrong with that, but that's pretty clearly a personal decision at that point.